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This question is about Danbury, CT.
What is a good salary in Danbury, CT?
A good salary in Danbury, CT is anything over $65,000. That's because the median income in Danbury is $65,000, which means if you earn more than that you're earning more than 50% of the people living in Danbury. The average salary in Danbury is $77,999.
A good hourly wage in Danbury is $31.25 per hour. That works out to a good weekly wage of $1,250 per week and a good monthly wage of $5,416 per month. However, using the median income is only one way to calculate a good salary in Danbury.
Another way to calculate a good salary in Danbury 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 $299,600, a good salary in Danbury would be $59,920.
Lastly, we can determine a good salary in Danbury by looking at the cost of living and comparing it to the US average salary. The cost of living in Danbury is 29% higher than than the national average. The national average salary is $56,310, so a good salary in Danbury is anything over $72,639 by this measure.
Average Annual Salary in Danbury, CT
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $30,000 | $2,500 | $576 | $14.42 |
| 25th | $44,000 | $3,666 | $846 | $21.15 |
| Median | $65,000 | $5,416 | $1,250 | $31.25 |
| 75th | $97,000 | $8,083 | $1,865 | $46.63 |
| 90th | $139,000 | $11,583 | $2,673 | $66.83 |
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