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This question is about Lawrence, KS.
What is a good salary in Lawrence, KS?
A good salary in Lawrence, KS is anything over $56,000. That's because the median income in Lawrence is $56,000, which means if you earn more than that you're earning more than 50% of the people living in Lawrence. The average salary in Lawrence is $64,245.
A good hourly wage in Lawrence is $26.92 per hour. That works out to a good weekly wage of $1,076 per week and a good monthly wage of $4,666 per month. However, using the median income is only one way to calculate a good salary in Lawrence.
Another way to calculate a good salary in Lawrence 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 $195,500, a good salary in Lawrence would be $39,100.
Lastly, we can determine a good salary in Lawrence by looking at the cost of living and comparing it to the US average salary. The cost of living in Lawrence is 7% lower than than the national average. The national average salary is $56,310, so a good salary in Lawrence is anything over $51,805 by this measure.
Average Annual Salary in Lawrence, KS
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $30,000 | $2,500 | $576 | $14.42 |
| 25th | $40,000 | $3,333 | $769 | $19.23 |
| Median | $56,000 | $4,666 | $1,076 | $26.92 |
| 75th | $79,000 | $6,583 | $1,519 | $37.98 |
| 90th | $106,000 | $8,833 | $2,038 | $50.96 |
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