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This question is about Miami, FL.
What is a good salary in Miami, FL?
A good salary in Miami, FL is anything over $39,000. That's because the median income in Miami is $39,000, which means if you earn more than that you're earning more than 50% of the people living in Miami. The average salary in Miami is $49,993.
A good hourly wage in Miami is $18.75 per hour. That works out to a good weekly wage of $750 per week and a good monthly wage of $3,250 per month. However, using the median income is only one way to calculate a good salary in Miami.
Another way to calculate a good salary in Miami 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 $317,700, a good salary in Miami would be $63,540.
Lastly, we can determine a good salary in Miami by looking at the cost of living and comparing it to the US average salary. The cost of living in Miami is 11% higher than than the national average. The national average salary is $56,310, so a good salary in Miami is anything over $62,504 by this measure.
Average Annual Salary in Miami, FL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $15,000 | $1,250 | $288 | $7.21 |
| 25th | $24,000 | $2,000 | $461 | $11.54 |
| Median | $39,000 | $3,250 | $750 | $18.75 |
| 75th | $62,000 | $5,166 | $1,192 | $29.81 |
| 90th | $96,000 | $8,000 | $1,846 | $46.15 |
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