Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
This question is about Elgin, IL.
What is a good salary in Elgin, IL?
A good salary in Elgin, IL is anything over $42,000. That's because the median income in Elgin is $42,000, which means if you earn more than that you're earning more than 50% of the people living in Elgin. The average salary in Elgin is $48,088.
A good hourly wage in Elgin is $20.19 per hour. That works out to a good weekly wage of $807 per week and a good monthly wage of $3,500 per month. However, using the median income is only one way to calculate a good salary in Elgin.
Another way to calculate a good salary in Elgin 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 $186,000, a good salary in Elgin would be $37,200.
Lastly, we can determine a good salary in Elgin by looking at the cost of living and comparing it to the US average salary. The cost of living in Elgin is 4% higher than than the national average. The national average salary is $56,310, so a good salary in Elgin is anything over $58,562 by this measure.
Average Annual Salary in Elgin, IL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $22,000 | $1,833 | $423 | $10.58 |
| 25th | $30,000 | $2,500 | $576 | $14.42 |
| Median | $42,000 | $3,500 | $807 | $20.19 |
| 75th | $59,000 | $4,916 | $1,134 | $28.37 |
| 90th | $80,000 | $6,666 | $1,538 | $38.46 |
Choose from 10+ customizable resume templates
Zippia allows you to choose from different easy-to-use templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
