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This question is about Columbia, MO.
What is a good salary in Columbia, MO?
A good salary in Columbia, MO is anything over $47,000. That's because the median income in Columbia is $47,000, which means if you earn more than that you're earning more than 50% of the people living in Columbia. The average salary in Columbia is $55,398.
A good hourly wage in Columbia is $22.6 per hour. That works out to a good weekly wage of $903 per week and a good monthly wage of $3,916 per month. However, using the median income is only one way to calculate a good salary in Columbia.
Another way to calculate a good salary in Columbia 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 $191,800, a good salary in Columbia would be $38,360.
Lastly, we can determine a good salary in Columbia by looking at the cost of living and comparing it to the US average salary. The cost of living in Columbia is 4% lower than than the national average. The national average salary is $56,310, so a good salary in Columbia is anything over $54,057 by this measure.
Average Annual Salary in Columbia, MO
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $23,000 | $1,916 | $442 | $11.06 |
| 25th | $33,000 | $2,750 | $634 | $15.87 |
| Median | $47,000 | $3,916 | $903 | $22.6 |
| 75th | $68,000 | $5,666 | $1,307 | $32.69 |
| 90th | $95,000 | $7,916 | $1,826 | $45.67 |
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