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This question is about Maple Grove, MN.
What is a good salary in Maple Grove, MN?
A good salary in Maple Grove, MN is anything over $50,000. That's because the median income in Maple Grove is $50,000, which means if you earn more than that you're earning more than 50% of the people living in Maple Grove. The average salary in Maple Grove is $55,296.
A good hourly wage in Maple Grove 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 Maple Grove.
Another way to calculate a good salary in Maple Grove 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 $293,400, a good salary in Maple Grove would be $58,680.
Lastly, we can determine a good salary in Maple Grove by looking at the cost of living and comparing it to the US average salary. The cost of living in Maple Grove is 15% higher than than the national average. The national average salary is $56,310, so a good salary in Maple Grove is anything over $65,319 by this measure.
Average Annual Salary in Maple Grove, MN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $29,000 | $2,416 | $557 | $13.94 |
| 25th | $37,000 | $3,083 | $711 | $17.79 |
| Median | $50,000 | $4,166 | $961 | $24.04 |
| 75th | $67,000 | $5,583 | $1,288 | $32.21 |
| 90th | $87,000 | $7,250 | $1,673 | $41.83 |
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