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This question is about Anderson, IN.
What is a good salary in Anderson, IN?
A good salary in Anderson, IN is anything over $39,000. That's because the median income in Anderson is $39,000, which means if you earn more than that you're earning more than 50% of the people living in Anderson. The average salary in Anderson is $42,949.
A good hourly wage in Anderson is $18.75 per hour. That works out to a good weekly wage of $750 per week and a good monthly wage of $3,250 per month. However, using the median income is only one way to calculate a good salary in Anderson.
Another way to calculate a good salary in Anderson is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $72,900, a good salary in Anderson would be $14,580.
Lastly, we can determine a good salary in Anderson by looking at the cost of living and comparing it to the US average salary. The cost of living in Anderson is 18% lower than than the national average. The national average salary is $56,310, so a good salary in Anderson is anything over $46,174 by this measure.
Average Annual Salary in Anderson, IN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $22,000 | $1,833 | $423 | $10.58 |
| 25th | $29,000 | $2,416 | $557 | $13.94 |
| Median | $39,000 | $3,250 | $750 | $18.75 |
| 75th | $52,000 | $4,333 | $1,000 | $25.0 |
| 90th | $68,000 | $5,666 | $1,307 | $32.69 |
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