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This question is about Moorhead, MN.
What is a good salary in Moorhead, MN?
A good salary in Moorhead, MN is anything over $43,000. That's because the median income in Moorhead is $43,000, which means if you earn more than that you're earning more than 50% of the people living in Moorhead. The average salary in Moorhead is $47,556.
A good hourly wage in Moorhead is $20.67 per hour. That works out to a good weekly wage of $826 per week and a good monthly wage of $3,583 per month. However, using the median income is only one way to calculate a good salary in Moorhead.
Another way to calculate a good salary in Moorhead 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 $194,600, a good salary in Moorhead would be $38,920.
Lastly, we can determine a good salary in Moorhead by looking at the cost of living and comparing it to the US average salary. The cost of living in Moorhead is 4% lower than than the national average. The national average salary is $56,310, so a good salary in Moorhead is anything over $54,057 by this measure.
Average Annual Salary in Moorhead, MN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $25,000 | $2,083 | $480 | $12.02 |
| 25th | $32,000 | $2,666 | $615 | $15.38 |
| Median | $43,000 | $3,583 | $826 | $20.67 |
| 75th | $57,000 | $4,750 | $1,096 | $27.4 |
| 90th | $74,000 | $6,166 | $1,423 | $35.58 |
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