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This question is about Salem, MA.
What is a good salary in Salem, MA?
A good salary in Salem, MA is anything over $63,000. That's because the median income in Salem is $63,000, which means if you earn more than that you're earning more than 50% of the people living in Salem. The average salary in Salem is $72,973.
A good hourly wage in Salem is $30.29 per hour. That works out to a good weekly wage of $1,211 per week and a good monthly wage of $5,250 per month. However, using the median income is only one way to calculate a good salary in Salem.
Another way to calculate a good salary in Salem 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 $367,200, a good salary in Salem would be $73,440.
Lastly, we can determine a good salary in Salem by looking at the cost of living and comparing it to the US average salary. The cost of living in Salem is 31% higher than than the national average. The national average salary is $56,310, so a good salary in Salem is anything over $73,766 by this measure.
Average Annual Salary in Salem, MA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $32,000 | $2,666 | $615 | $15.38 |
| 25th | $44,000 | $3,666 | $846 | $21.15 |
| Median | $63,000 | $5,250 | $1,211 | $30.29 |
| 75th | $90,000 | $7,500 | $1,730 | $43.27 |
| 90th | $125,000 | $10,416 | $2,403 | $60.1 |
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