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This question is about Berwyn, IL.
What is a good salary in Berwyn, IL?
A good salary in Berwyn, IL is anything over $51,000. That's because the median income in Berwyn is $51,000, which means if you earn more than that you're earning more than 50% of the people living in Berwyn. The average salary in Berwyn is $62,488.
A good hourly wage in Berwyn is $24.52 per hour. That works out to a good weekly wage of $980 per week and a good monthly wage of $4,250 per month. However, using the median income is only one way to calculate a good salary in Berwyn.
Another way to calculate a good salary in Berwyn 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 $211,700, a good salary in Berwyn would be $42,340.
Lastly, we can determine a good salary in Berwyn by looking at the cost of living and comparing it to the US average salary. The cost of living in Berwyn is 5% higher than than the national average. The national average salary is $56,310, so a good salary in Berwyn is anything over $59,125 by this measure.
Average Annual Salary in Berwyn, IL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $23,000 | $1,916 | $442 | $11.06 |
| 25th | $34,000 | $2,833 | $653 | $16.35 |
| Median | $51,000 | $4,250 | $980 | $24.52 |
| 75th | $78,000 | $6,500 | $1,500 | $37.5 |
| 90th | $113,000 | $9,416 | $2,173 | $54.33 |
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