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This question is about Montgomery, AL.
What is a good salary in Montgomery, AL?
A good salary in Montgomery, AL is anything over $44,000. That's because the median income in Montgomery is $44,000, which means if you earn more than that you're earning more than 50% of the people living in Montgomery. The average salary in Montgomery is $52,353.
A good hourly wage in Montgomery is $21.15 per hour. That works out to a good weekly wage of $846 per week and a good monthly wage of $3,666 per month. However, using the median income is only one way to calculate a good salary in Montgomery.
Another way to calculate a good salary in Montgomery 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 $121,200, a good salary in Montgomery would be $24,240.
Lastly, we can determine a good salary in Montgomery by looking at the cost of living and comparing it to the US average salary. The cost of living in Montgomery is 14% lower than than the national average. The national average salary is $56,310, so a good salary in Montgomery is anything over $48,426 by this measure.
Average Annual Salary in Montgomery, AL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $21,000 | $1,750 | $403 | $10.1 |
| 25th | $30,000 | $2,500 | $576 | $14.42 |
| Median | $44,000 | $3,666 | $846 | $21.15 |
| 75th | $65,000 | $5,416 | $1,250 | $31.25 |
| 90th | $92,000 | $7,666 | $1,769 | $44.23 |
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