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This question is about Somerville, MA.
What is a good salary in Somerville, MA?
A good salary in Somerville, MA is anything over $51,000. That's because the median income in Somerville is $51,000, which means if you earn more than that you're earning more than 50% of the people living in Somerville. The average salary in Somerville is $57,439.
A good hourly wage in Somerville is $24.52 per hour. That works out to a good weekly wage of $980 per week and a good monthly wage of $4,250 per month. However, using the median income is only one way to calculate a good salary in Somerville.
Another way to calculate a good salary in Somerville 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 $664,700, a good salary in Somerville would be $132,940.
Lastly, we can determine a good salary in Somerville by looking at the cost of living and comparing it to the US average salary. The cost of living in Somerville is 58% higher than than the national average. The national average salary is $56,310, so a good salary in Somerville is anything over $88,969 by this measure.
Average Annual Salary in Somerville, MA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $27,000 | $2,250 | $519 | $12.98 |
| 25th | $36,000 | $3,000 | $692 | $17.31 |
| Median | $51,000 | $4,250 | $980 | $24.52 |
| 75th | $70,000 | $5,833 | $1,346 | $33.65 |
| 90th | $95,000 | $7,916 | $1,826 | $45.67 |
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