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This question is about Joliet, IL.
What is a good salary in Joliet, IL?
A good salary in Joliet, IL is anything over $41,000. That's because the median income in Joliet is $41,000, which means if you earn more than that you're earning more than 50% of the people living in Joliet. The average salary in Joliet is $47,657.
A good hourly wage in Joliet is $19.71 per hour. That works out to a good weekly wage of $788 per week and a good monthly wage of $3,416 per month. However, using the median income is only one way to calculate a good salary in Joliet.
Another way to calculate a good salary in Joliet 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 $181,100, a good salary in Joliet would be $36,220.
Lastly, we can determine a good salary in Joliet by looking at the cost of living and comparing it to the US average salary. The cost of living in Joliet is 4% lower than than the national average. The national average salary is $56,310, so a good salary in Joliet is anything over $54,057 by this measure.
Average Annual Salary in Joliet, IL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $21,000 | $1,750 | $403 | $10.1 |
| 25th | $29,000 | $2,416 | $557 | $13.94 |
| Median | $41,000 | $3,416 | $788 | $19.71 |
| 75th | $58,000 | $4,833 | $1,115 | $27.88 |
| 90th | $80,000 | $6,666 | $1,538 | $38.46 |
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