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This question is about Gaithersburg, MD.
What is a good salary in Gaithersburg, MD?
A good salary in Gaithersburg, MD is anything over $80,000. That's because the median income in Gaithersburg is $80,000, which means if you earn more than that you're earning more than 50% of the people living in Gaithersburg. The average salary in Gaithersburg is $91,787.
A good hourly wage in Gaithersburg is $38.46 per hour. That works out to a good weekly wage of $1,538 per week and a good monthly wage of $6,666 per month. However, using the median income is only one way to calculate a good salary in Gaithersburg.
Another way to calculate a good salary in Gaithersburg 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 $392,200, a good salary in Gaithersburg would be $78,440.
Lastly, we can determine a good salary in Gaithersburg by looking at the cost of living and comparing it to the US average salary. The cost of living in Gaithersburg is 36% higher than than the national average. The national average salary is $56,310, so a good salary in Gaithersburg is anything over $76,581 by this measure.
Average Annual Salary in Gaithersburg, MD
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $42,000 | $3,500 | $807 | $20.19 |
| 25th | $57,000 | $4,750 | $1,096 | $27.4 |
| Median | $80,000 | $6,666 | $1,538 | $38.46 |
| 75th | $113,000 | $9,416 | $2,173 | $54.33 |
| 90th | $153,000 | $12,750 | $2,942 | $73.56 |
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