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This question is about Kentwood, MI.
What is a good salary in Kentwood, MI?
A good salary in Kentwood, MI is anything over $53,000. That's because the median income in Kentwood is $53,000, which means if you earn more than that you're earning more than 50% of the people living in Kentwood. The average salary in Kentwood is $64,191.
A good hourly wage in Kentwood is $25.48 per hour. That works out to a good weekly wage of $1,019 per week and a good monthly wage of $4,416 per month. However, using the median income is only one way to calculate a good salary in Kentwood.
Another way to calculate a good salary in Kentwood 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 $158,700, a good salary in Kentwood would be $31,740.
Lastly, we can determine a good salary in Kentwood by looking at the cost of living and comparing it to the US average salary. The cost of living in Kentwood is 8% lower than than the national average. The national average salary is $56,310, so a good salary in Kentwood is anything over $51,242 by this measure.
Average Annual Salary in Kentwood, MI
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $24,000 | $2,000 | $461 | $11.54 |
| 25th | $35,000 | $2,916 | $673 | $16.83 |
| Median | $53,000 | $4,416 | $1,019 | $25.48 |
| 75th | $80,000 | $6,666 | $1,538 | $38.46 |
| 90th | $115,000 | $9,583 | $2,211 | $55.29 |
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