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This question is about Malden, MA.
What is a good salary in Malden, MA?
A good salary in Malden, MA is anything over $57,000. That's because the median income in Malden is $57,000, which means if you earn more than that you're earning more than 50% of the people living in Malden. The average salary in Malden is $63,806.
A good hourly wage in Malden is $27.4 per hour. That works out to a good weekly wage of $1,096 per week and a good monthly wage of $4,750 per month. However, using the median income is only one way to calculate a good salary in Malden.
Another way to calculate a good salary in Malden 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 $401,900, a good salary in Malden would be $80,380.
Lastly, we can determine a good salary in Malden by looking at the cost of living and comparing it to the US average salary. The cost of living in Malden is 36% higher than than the national average. The national average salary is $56,310, so a good salary in Malden is anything over $76,581 by this measure.
Average Annual Salary in Malden, MA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $31,000 | $2,583 | $596 | $14.9 |
| 25th | $41,000 | $3,416 | $788 | $19.71 |
| Median | $57,000 | $4,750 | $1,096 | $27.4 |
| 75th | $78,000 | $6,500 | $1,500 | $37.5 |
| 90th | $104,000 | $8,666 | $2,000 | $50.0 |
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