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This question is about Edina, MN.
What is a good salary in Edina, MN?
A good salary in Edina, MN is anything over $72,000. That's because the median income in Edina is $72,000, which means if you earn more than that you're earning more than 50% of the people living in Edina. The average salary in Edina is $88,453.
A good hourly wage in Edina is $34.62 per hour. That works out to a good weekly wage of $1,384 per week and a good monthly wage of $6,000 per month. However, using the median income is only one way to calculate a good salary in Edina.
Another way to calculate a good salary in Edina 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 $476,300, a good salary in Edina would be $95,260.
Lastly, we can determine a good salary in Edina by looking at the cost of living and comparing it to the US average salary. The cost of living in Edina is 34% higher than than the national average. The national average salary is $56,310, so a good salary in Edina is anything over $75,455 by this measure.
Average Annual Salary in Edina, MN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $31,000 | $2,583 | $596 | $14.9 |
| 25th | $46,000 | $3,833 | $884 | $22.12 |
| Median | $72,000 | $6,000 | $1,384 | $34.62 |
| 75th | $110,000 | $9,166 | $2,115 | $52.88 |
| 90th | $163,000 | $13,583 | $3,134 | $78.37 |
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