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This question is about Shelton, CT.
What is a good salary in Shelton, CT?
A good salary in Shelton, CT is anything over $69,000. That's because the median income in Shelton is $69,000, which means if you earn more than that you're earning more than 50% of the people living in Shelton. The average salary in Shelton is $78,883.
A good hourly wage in Shelton is $33.17 per hour. That works out to a good weekly wage of $1,326 per week and a good monthly wage of $5,750 per month. However, using the median income is only one way to calculate a good salary in Shelton.
Another way to calculate a good salary in Shelton 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 $349,300, a good salary in Shelton would be $69,860.
Lastly, we can determine a good salary in Shelton by looking at the cost of living and comparing it to the US average salary. The cost of living in Shelton is 32% higher than than the national average. The national average salary is $56,310, so a good salary in Shelton is anything over $74,329 by this measure.
Average Annual Salary in Shelton, CT
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $36,000 | $3,000 | $692 | $17.31 |
| 25th | $49,000 | $4,083 | $942 | $23.56 |
| Median | $69,000 | $5,750 | $1,326 | $33.17 |
| 75th | $97,000 | $8,083 | $1,865 | $46.63 |
| 90th | $131,000 | $10,916 | $2,519 | $62.98 |
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