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This question is about Salem, OR.
What is a good salary in Salem, OR?
A good salary in Salem, OR is anything over $49,000. That's because the median income in Salem is $49,000, 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 $55,024.
A good hourly wage in Salem is $23.56 per hour. That works out to a good weekly wage of $942 per week and a good monthly wage of $4,083 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 $242,800, a good salary in Salem would be $48,560.
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 10% higher than than the national average. The national average salary is $56,310, so a good salary in Salem is anything over $61,941 by this measure.
Average Annual Salary in Salem, OR
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $26,000 | $2,166 | $500 | $12.5 |
| 25th | $35,000 | $2,916 | $673 | $16.83 |
| Median | $49,000 | $4,083 | $942 | $23.56 |
| 75th | $67,000 | $5,583 | $1,288 | $32.21 |
| 90th | $90,000 | $7,500 | $1,730 | $43.27 |
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