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This question is about Madison, WI.
What is a good salary in Madison, WI?
A good salary in Madison, WI is anything over $47,000. That's because the median income in Madison is $47,000, 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 $56,828.
A good hourly wage in Madison is $22.6 per hour. That works out to a good weekly wage of $903 per week and a good monthly wage of $3,916 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 $246,300, a good salary in Madison would be $49,260.
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 8% higher than than the national average. The national average salary is $56,310, so a good salary in Madison is anything over $60,814 by this measure.
Average Annual Salary in Madison, WI
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $21,000 | $1,750 | $403 | $10.1 |
| 25th | $31,000 | $2,583 | $596 | $14.9 |
| Median | $47,000 | $3,916 | $903 | $22.6 |
| 75th | $71,000 | $5,916 | $1,365 | $34.13 |
| 90th | $103,000 | $8,583 | $1,980 | $49.52 |
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