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This question is about Leominster, MA.
What is a good salary in Leominster, MA?
A good salary in Leominster, MA is anything over $48,000. That's because the median income in Leominster is $48,000, which means if you earn more than that you're earning more than 50% of the people living in Leominster. The average salary in Leominster is $53,697.
A good hourly wage in Leominster is $23.08 per hour. That works out to a good weekly wage of $923 per week and a good monthly wage of $4,000 per month. However, using the median income is only one way to calculate a good salary in Leominster.
Another way to calculate a good salary in Leominster 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 $241,800, a good salary in Leominster would be $48,360.
Lastly, we can determine a good salary in Leominster by looking at the cost of living and comparing it to the US average salary. The cost of living in Leominster is 13% higher than than the national average. The national average salary is $56,310, so a good salary in Leominster is anything over $64,193 by this measure.
Average Annual Salary in Leominster, MA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $27,000 | $2,250 | $519 | $12.98 |
| 25th | $36,000 | $3,000 | $692 | $17.31 |
| Median | $48,000 | $4,000 | $923 | $23.08 |
| 75th | $65,000 | $5,416 | $1,250 | $31.25 |
| 90th | $85,000 | $7,083 | $1,634 | $40.87 |
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