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This question is about Milford, CT.
What is a good salary in Milford, CT?
A good salary in Milford, CT is anything over $61,000. That's because the median income in Milford is $61,000, which means if you earn more than that you're earning more than 50% of the people living in Milford. The average salary in Milford is $69,538.
A good hourly wage in Milford is $29.33 per hour. That works out to a good weekly wage of $1,173 per week and a good monthly wage of $5,083 per month. However, using the median income is only one way to calculate a good salary in Milford.
Another way to calculate a good salary in Milford 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 $312,500, a good salary in Milford would be $62,500.
Average Annual Salary in Milford, CT
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $32,000 | $2,666 | $615 | $15.38 |
| 25th | $44,000 | $3,666 | $846 | $21.15 |
| Median | $61,000 | $5,083 | $1,173 | $29.33 |
| 75th | $85,000 | $7,083 | $1,634 | $40.87 |
| 90th | $115,000 | $9,583 | $2,211 | $55.29 |
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