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This question is about Pontiac, MI.
What is a good salary in Pontiac, MI?
A good salary in Pontiac, MI is anything over $41,000. That's because the median income in Pontiac is $41,000, which means if you earn more than that you're earning more than 50% of the people living in Pontiac. The average salary in Pontiac is $46,830.
A good hourly wage in Pontiac is $19.71 per hour. That works out to a good weekly wage of $788 per week and a good monthly wage of $3,416 per month. However, using the median income is only one way to calculate a good salary in Pontiac.
Another way to calculate a good salary in Pontiac 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 $67,100, a good salary in Pontiac would be $13,420.
Lastly, we can determine a good salary in Pontiac by looking at the cost of living and comparing it to the US average salary. The cost of living in Pontiac is 14% lower than than the national average. The national average salary is $56,310, so a good salary in Pontiac is anything over $48,426 by this measure.
Average Annual Salary in Pontiac, MI
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $21,000 | $1,750 | $403 | $10.1 |
| 25th | $29,000 | $2,416 | $557 | $13.94 |
| Median | $41,000 | $3,416 | $788 | $19.71 |
| 75th | $57,000 | $4,750 | $1,096 | $27.4 |
| 90th | $78,000 | $6,500 | $1,500 | $37.5 |
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