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This question is about Lawrence, MA.
What is a good salary in Lawrence, MA?
A good salary in Lawrence, MA is anything over $46,000. That's because the median income in Lawrence is $46,000, 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 $51,934.
A good hourly wage in Lawrence 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 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 $271,100, a good salary in Lawrence would be $54,220.
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 20% higher than than the national average. The national average salary is $56,310, so a good salary in Lawrence is anything over $68,135 by this measure.
Average Annual Salary in Lawrence, MA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $24,000 | $2,000 | $461 | $11.54 |
| 25th | $33,000 | $2,750 | $634 | $15.87 |
| Median | $46,000 | $3,833 | $884 | $22.12 |
| 75th | $64,000 | $5,333 | $1,230 | $30.77 |
| 90th | $85,000 | $7,083 | $1,634 | $40.87 |
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