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This question is about Detroit, MI.
What is a good salary in Detroit, MI?
A good salary in Detroit, MI is anything over $34,000. That's because the median income in Detroit is $34,000, which means if you earn more than that you're earning more than 50% of the people living in Detroit. The average salary in Detroit is $39,054.
A good hourly wage in Detroit is $16.35 per hour. That works out to a good weekly wage of $653 per week and a good monthly wage of $2,833 per month. However, using the median income is only one way to calculate a good salary in Detroit.
Another way to calculate a good salary in Detroit 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 $49,200, a good salary in Detroit would be $9,840.
Lastly, we can determine a good salary in Detroit by looking at the cost of living and comparing it to the US average salary. The cost of living in Detroit is 15% lower than than the national average. The national average salary is $56,310, so a good salary in Detroit is anything over $47,863 by this measure.
Average Annual Salary in Detroit, MI
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $17,000 | $1,416 | $326 | $8.17 |
| 25th | $24,000 | $2,000 | $461 | $11.54 |
| Median | $34,000 | $2,833 | $653 | $16.35 |
| 75th | $48,000 | $4,000 | $923 | $23.08 |
| 90th | $65,000 | $5,416 | $1,250 | $31.25 |
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