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This question is about McAllen, TX.
What is a good salary in McAllen, TX?
A good salary in McAllen, TX is anything over $49,000. That's because the median income in McAllen is $49,000, which means if you earn more than that you're earning more than 50% of the people living in McAllen. The average salary in McAllen is $56,242.
A good hourly wage in McAllen is $23.56 per hour. That works out to a good weekly wage of $942 per week and a good monthly wage of $4,083 per month. However, using the median income is only one way to calculate a good salary in McAllen.
Another way to calculate a good salary in McAllen 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 $126,000, a good salary in McAllen would be $25,200.
Lastly, we can determine a good salary in McAllen by looking at the cost of living and comparing it to the US average salary. The cost of living in McAllen is 19% lower than than the national average. The national average salary is $56,310, so a good salary in McAllen is anything over $45,048 by this measure.
Average Annual Salary in McAllen, TX
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $25,000 | $2,083 | $480 | $12.02 |
| 25th | $34,000 | $2,833 | $653 | $16.35 |
| Median | $49,000 | $4,083 | $942 | $23.56 |
| 75th | $69,000 | $5,750 | $1,326 | $33.17 |
| 90th | $96,000 | $8,000 | $1,846 | $46.15 |
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