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This question is about Portage, MI.
What is a good salary in Portage, MI?
A good salary in Portage, MI is anything over $44,000. That's because the median income in Portage is $44,000, which means if you earn more than that you're earning more than 50% of the people living in Portage. The average salary in Portage is $51,662.
A good hourly wage in Portage 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 Portage.
Another way to calculate a good salary in Portage 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 $164,300, a good salary in Portage would be $32,860.
Lastly, we can determine a good salary in Portage by looking at the cost of living and comparing it to the US average salary. The cost of living in Portage is 14% lower than than the national average. The national average salary is $56,310, so a good salary in Portage is anything over $48,426 by this measure.
Average Annual Salary in Portage, MI
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $21,000 | $1,750 | $403 | $10.1 |
| 25th | $30,000 | $2,500 | $576 | $14.42 |
| Median | $44,000 | $3,666 | $846 | $21.15 |
| 75th | $64,000 | $5,333 | $1,230 | $30.77 |
| 90th | $90,000 | $7,500 | $1,730 | $43.27 |
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