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This question is about Richardson, TX.
What is a good salary in Richardson, TX?
A good salary in Richardson, TX is anything over $59,000. That's because the median income in Richardson is $59,000, which means if you earn more than that you're earning more than 50% of the people living in Richardson. The average salary in Richardson is $71,441.
A good hourly wage in Richardson is $28.37 per hour. That works out to a good weekly wage of $1,134 per week and a good monthly wage of $4,916 per month. However, using the median income is only one way to calculate a good salary in Richardson.
Another way to calculate a good salary in Richardson 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 $274,200, a good salary in Richardson would be $54,840.
Lastly, we can determine a good salary in Richardson by looking at the cost of living and comparing it to the US average salary. The cost of living in Richardson is 8% higher than than the national average. The national average salary is $56,310, so a good salary in Richardson is anything over $60,814 by this measure.
Average Annual Salary in Richardson, TX
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $27,000 | $2,250 | $519 | $12.98 |
| 25th | $39,000 | $3,250 | $750 | $18.75 |
| Median | $59,000 | $4,916 | $1,134 | $28.37 |
| 75th | $89,000 | $7,416 | $1,711 | $42.79 |
| 90th | $129,000 | $10,750 | $2,480 | $62.02 |
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