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This question is about Bloomington, MN.
What is a good salary in Bloomington, MN?
A good salary in Bloomington, MN is anything over $50,000. That's because the median income in Bloomington is $50,000, which means if you earn more than that you're earning more than 50% of the people living in Bloomington. The average salary in Bloomington is $56,534.
A good hourly wage in Bloomington is $24.04 per hour. That works out to a good weekly wage of $961 per week and a good monthly wage of $4,166 per month. However, using the median income is only one way to calculate a good salary in Bloomington.
Another way to calculate a good salary in Bloomington 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 $251,300, a good salary in Bloomington would be $50,260.
Lastly, we can determine a good salary in Bloomington by looking at the cost of living and comparing it to the US average salary. The cost of living in Bloomington is 9% higher than than the national average. The national average salary is $56,310, so a good salary in Bloomington is anything over $61,377 by this measure.
Average Annual Salary in Bloomington, MN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $27,000 | $2,250 | $519 | $12.98 |
| 25th | $36,000 | $3,000 | $692 | $17.31 |
| Median | $50,000 | $4,166 | $961 | $24.04 |
| 75th | $69,000 | $5,750 | $1,326 | $33.17 |
| 90th | $92,000 | $7,666 | $1,769 | $44.23 |
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