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This question is about Coon Rapids, MN.
What is a good salary in Coon Rapids, MN?
A good salary in Coon Rapids, MN is anything over $45,000. That's because the median income in Coon Rapids is $45,000, which means if you earn more than that you're earning more than 50% of the people living in Coon Rapids. The average salary in Coon Rapids is $49,719.
A good hourly wage in Coon Rapids is $21.63 per hour. That works out to a good weekly wage of $865 per week and a good monthly wage of $3,750 per month. However, using the median income is only one way to calculate a good salary in Coon Rapids.
Another way to calculate a good salary in Coon Rapids 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 $204,700, a good salary in Coon Rapids would be $40,940.
Lastly, we can determine a good salary in Coon Rapids by looking at the cost of living and comparing it to the US average salary. The cost of living in Coon Rapids is 4% higher than than the national average. The national average salary is $56,310, so a good salary in Coon Rapids is anything over $58,562 by this measure.
Average Annual Salary in Coon Rapids, MN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $27,000 | $2,250 | $519 | $12.98 |
| 25th | $35,000 | $2,916 | $673 | $16.83 |
| Median | $45,000 | $3,750 | $865 | $21.63 |
| 75th | $60,000 | $5,000 | $1,153 | $28.85 |
| 90th | $76,000 | $6,333 | $1,461 | $36.54 |
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