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This question is about Madison, AL.
What is a good salary in Madison, AL?
A good salary in Madison, AL is anything over $50,000. That's because the median income in Madison is $50,000, which means if you earn more than that you're earning more than 50% of the people living in Madison. The average salary in Madison is $58,632.
A good hourly wage in Madison is $24.04 per hour. That works out to a good weekly wage of $961 per week and a good monthly wage of $4,166 per month. However, using the median income is only one way to calculate a good salary in Madison.
Another way to calculate a good salary in Madison 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 $253,000, a good salary in Madison would be $50,600.
Lastly, we can determine a good salary in Madison by looking at the cost of living and comparing it to the US average salary. The cost of living in Madison is 5% higher than than the national average. The national average salary is $56,310, so a good salary in Madison is anything over $59,125 by this measure.
Average Annual Salary in Madison, AL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $24,000 | $2,000 | $461 | $11.54 |
| 25th | $34,000 | $2,833 | $653 | $16.35 |
| Median | $50,000 | $4,166 | $961 | $24.04 |
| 75th | $73,000 | $6,083 | $1,403 | $35.1 |
| 90th | $101,000 | $8,416 | $1,942 | $48.56 |
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