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This question is about Middletown, CT.
What is a good salary in Middletown, CT?
A good salary in Middletown, CT is anything over $66,000. That's because the median income in Middletown is $66,000, which means if you earn more than that you're earning more than 50% of the people living in Middletown. The average salary in Middletown is $74,305.
A good hourly wage in Middletown is $31.73 per hour. That works out to a good weekly wage of $1,269 per week and a good monthly wage of $5,500 per month. However, using the median income is only one way to calculate a good salary in Middletown.
Another way to calculate a good salary in Middletown 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 $231,300, a good salary in Middletown would be $46,260.
Lastly, we can determine a good salary in Middletown by looking at the cost of living and comparing it to the US average salary. The cost of living in Middletown is 15% higher than than the national average. The national average salary is $56,310, so a good salary in Middletown is anything over $65,319 by this measure.
Average Annual Salary in Middletown, CT
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $37,000 | $3,083 | $711 | $17.79 |
| 25th | $49,000 | $4,083 | $942 | $23.56 |
| Median | $66,000 | $5,500 | $1,269 | $31.73 |
| 75th | $91,000 | $7,583 | $1,750 | $43.75 |
| 90th | $120,000 | $10,000 | $2,307 | $57.69 |
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