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This question is about Plano, TX.
What is a good salary in Plano, TX?
A good salary in Plano, TX is anything over $67,000. That's because the median income in Plano is $67,000, which means if you earn more than that you're earning more than 50% of the people living in Plano. The average salary in Plano is $78,348.
A good hourly wage in Plano is $32.21 per hour. That works out to a good weekly wage of $1,288 per week and a good monthly wage of $5,583 per month. However, using the median income is only one way to calculate a good salary in Plano.
Another way to calculate a good salary in Plano 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 $320,100, a good salary in Plano would be $64,020.
Lastly, we can determine a good salary in Plano by looking at the cost of living and comparing it to the US average salary. The cost of living in Plano is 12% higher than than the national average. The national average salary is $56,310, so a good salary in Plano is anything over $63,630 by this measure.
Average Annual Salary in Plano, TX
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $32,000 | $2,666 | $615 | $15.38 |
| 25th | $46,000 | $3,833 | $884 | $22.12 |
| Median | $67,000 | $5,583 | $1,288 | $32.21 |
| 75th | $97,000 | $8,083 | $1,865 | $46.63 |
| 90th | $136,000 | $11,333 | $2,615 | $65.38 |
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