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This question is about Saginaw, MI.
What is a good salary in Saginaw, MI?
A good salary in Saginaw, MI is anything over $39,000. That's because the median income in Saginaw is $39,000, which means if you earn more than that you're earning more than 50% of the people living in Saginaw. The average salary in Saginaw is $45,861.
A good hourly wage in Saginaw is $18.75 per hour. That works out to a good weekly wage of $750 per week and a good monthly wage of $3,250 per month. However, using the median income is only one way to calculate a good salary in Saginaw.
Another way to calculate a good salary in Saginaw 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 $40,100, a good salary in Saginaw would be $8,020.
Lastly, we can determine a good salary in Saginaw by looking at the cost of living and comparing it to the US average salary. The cost of living in Saginaw is 16% lower than than the national average. The national average salary is $56,310, so a good salary in Saginaw is anything over $47,300 by this measure.
Average Annual Salary in Saginaw, MI
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $20,000 | $1,666 | $384 | $9.62 |
| 25th | $28,000 | $2,333 | $538 | $13.46 |
| Median | $39,000 | $3,250 | $750 | $18.75 |
| 75th | $56,000 | $4,666 | $1,076 | $26.92 |
| 90th | $78,000 | $6,500 | $1,500 | $37.5 |
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