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This question is about North Miami, FL.
What is a good salary in North Miami, FL?
A good salary in North Miami, FL is anything over $32,000. That's because the median income in North Miami is $32,000, which means if you earn more than that you're earning more than 50% of the people living in North Miami. The average salary in North Miami is $36,839.
A good hourly wage in North Miami is $15.38 per hour. That works out to a good weekly wage of $615 per week and a good monthly wage of $2,666 per month. However, using the median income is only one way to calculate a good salary in North Miami.
Another way to calculate a good salary in North Miami 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 $202,600, a good salary in North Miami would be $40,520.
Lastly, we can determine a good salary in North Miami by looking at the cost of living and comparing it to the US average salary. The cost of living in North Miami is 2% higher than than the national average. The national average salary is $56,310, so a good salary in North Miami is anything over $57,436 by this measure.
Average Annual Salary in North Miami, FL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $16,000 | $1,333 | $307 | $7.69 |
| 25th | $23,000 | $1,916 | $442 | $11.06 |
| Median | $32,000 | $2,666 | $615 | $15.38 |
| 75th | $45,000 | $3,750 | $865 | $21.63 |
| 90th | $61,000 | $5,083 | $1,173 | $29.33 |
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