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This question is about Gary, IN.
What is a good salary in Gary, IN?
A good salary in Gary, IN is anything over $36,000. That's because the median income in Gary is $36,000, which means if you earn more than that you're earning more than 50% of the people living in Gary. The average salary in Gary is $40,776.
A good hourly wage in Gary is $17.31 per hour. That works out to a good weekly wage of $692 per week and a good monthly wage of $3,000 per month. However, using the median income is only one way to calculate a good salary in Gary.
Another way to calculate a good salary in Gary 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 $66,100, a good salary in Gary would be $13,220.
Lastly, we can determine a good salary in Gary by looking at the cost of living and comparing it to the US average salary. The cost of living in Gary is 9% lower than than the national average. The national average salary is $56,310, so a good salary in Gary is anything over $50,679 by this measure.
Average Annual Salary in Gary, IN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $19,000 | $1,583 | $365 | $9.13 |
| 25th | $26,000 | $2,166 | $500 | $12.5 |
| Median | $36,000 | $3,000 | $692 | $17.31 |
| 75th | $50,000 | $4,166 | $961 | $24.04 |
| 90th | $67,000 | $5,583 | $1,288 | $32.21 |
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