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This question is about Independence, MO.
What is a good salary in Independence, MO?
A good salary in Independence, MO is anything over $46,000. That's because the median income in Independence is $46,000, which means if you earn more than that you're earning more than 50% of the people living in Independence. The average salary in Independence is $51,536.
A good hourly wage in Independence is $22.12 per hour. That works out to a good weekly wage of $884 per week and a good monthly wage of $3,833 per month. However, using the median income is only one way to calculate a good salary in Independence.
Another way to calculate a good salary in Independence 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 $114,100, a good salary in Independence would be $22,820.
Lastly, we can determine a good salary in Independence by looking at the cost of living and comparing it to the US average salary. The cost of living in Independence is 13% lower than than the national average. The national average salary is $56,310, so a good salary in Independence is anything over $48,989 by this measure.
Average Annual Salary in Independence, MO
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $26,000 | $2,166 | $500 | $12.5 |
| 25th | $34,000 | $2,833 | $653 | $16.35 |
| Median | $46,000 | $3,833 | $884 | $22.12 |
| 75th | $63,000 | $5,250 | $1,211 | $30.29 |
| 90th | $82,000 | $6,833 | $1,576 | $39.42 |
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