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This question is about Elmhurst, IL.
What is a good salary in Elmhurst, IL?
A good salary in Elmhurst, IL is anything over $63,000. That's because the median income in Elmhurst is $63,000, which means if you earn more than that you're earning more than 50% of the people living in Elmhurst. The average salary in Elmhurst is $75,803.
A good hourly wage in Elmhurst is $30.29 per hour. That works out to a good weekly wage of $1,211 per week and a good monthly wage of $5,250 per month. However, using the median income is only one way to calculate a good salary in Elmhurst.
Another way to calculate a good salary in Elmhurst 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 $432,600, a good salary in Elmhurst would be $86,520.
Lastly, we can determine a good salary in Elmhurst by looking at the cost of living and comparing it to the US average salary. The cost of living in Elmhurst is 33% higher than than the national average. The national average salary is $56,310, so a good salary in Elmhurst is anything over $74,892 by this measure.
Average Annual Salary in Elmhurst, IL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $29,000 | $2,416 | $557 | $13.94 |
| 25th | $42,000 | $3,500 | $807 | $20.19 |
| Median | $63,000 | $5,250 | $1,211 | $30.29 |
| 75th | $94,000 | $7,833 | $1,807 | $45.19 |
| 90th | $135,000 | $11,250 | $2,596 | $64.9 |
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