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This question is about Durham, NC.
What is a good salary in Durham, NC?
A good salary in Durham, NC is anything over $49,000. That's because the median income in Durham is $49,000, which means if you earn more than that you're earning more than 50% of the people living in Durham. The average salary in Durham is $58,298.
A good hourly wage in Durham is $23.56 per hour. That works out to a good weekly wage of $942 per week and a good monthly wage of $4,083 per month. However, using the median income is only one way to calculate a good salary in Durham.
Another way to calculate a good salary in Durham 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 $224,100, a good salary in Durham would be $44,820.
Lastly, we can determine a good salary in Durham by looking at the cost of living and comparing it to the US average salary. The cost of living in Durham is 5% lower than than the national average. The national average salary is $56,310, so a good salary in Durham is anything over $53,494 by this measure.
Average Annual Salary in Durham, NC
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $23,000 | $1,916 | $442 | $11.06 |
| 25th | $32,000 | $2,666 | $615 | $15.38 |
| Median | $49,000 | $4,083 | $942 | $23.56 |
| 75th | $72,000 | $6,000 | $1,384 | $34.62 |
| 90th | $104,000 | $8,666 | $2,000 | $50.0 |
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