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This question is about Plymouth, MN.
What is a good salary in Plymouth, MN?
A good salary in Plymouth, MN is anything over $68,000. That's because the median income in Plymouth is $68,000, which means if you earn more than that you're earning more than 50% of the people living in Plymouth. The average salary in Plymouth is $79,289.
A good hourly wage in Plymouth is $32.69 per hour. That works out to a good weekly wage of $1,307 per week and a good monthly wage of $5,666 per month. However, using the median income is only one way to calculate a good salary in Plymouth.
Another way to calculate a good salary in Plymouth 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 $351,700, a good salary in Plymouth would be $70,340.
Lastly, we can determine a good salary in Plymouth by looking at the cost of living and comparing it to the US average salary. The cost of living in Plymouth is 20% higher than than the national average. The national average salary is $56,310, so a good salary in Plymouth is anything over $68,135 by this measure.
Average Annual Salary in Plymouth, MN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $33,000 | $2,750 | $634 | $15.87 |
| 25th | $47,000 | $3,916 | $903 | $22.6 |
| Median | $68,000 | $5,666 | $1,307 | $32.69 |
| 75th | $98,000 | $8,166 | $1,884 | $47.12 |
| 90th | $137,000 | $11,416 | $2,634 | $65.87 |
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