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This question is about Niagara Falls, NY.
What is a good salary in Niagara Falls, NY?
A good salary in Niagara Falls, NY is anything over $44,000. That's because the median income in Niagara Falls is $44,000, which means if you earn more than that you're earning more than 50% of the people living in Niagara Falls. The average salary in Niagara Falls is $49,321.
A good hourly wage in Niagara Falls 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 Niagara Falls.
Another way to calculate a good salary in Niagara Falls 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 $77,400, a good salary in Niagara Falls would be $15,480.
Lastly, we can determine a good salary in Niagara Falls by looking at the cost of living and comparing it to the US average salary. The cost of living in Niagara Falls is 18% lower than than the national average. The national average salary is $56,310, so a good salary in Niagara Falls is anything over $46,174 by this measure.
Average Annual Salary in Niagara Falls, NY
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $25,000 | $2,083 | $480 | $12.02 |
| 25th | $33,000 | $2,750 | $634 | $15.87 |
| Median | $44,000 | $3,666 | $846 | $21.15 |
| 75th | $60,000 | $5,000 | $1,153 | $28.85 |
| 90th | $78,000 | $6,500 | $1,500 | $37.5 |
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