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This question is about Springfield, MA.
What is a good salary in Springfield, MA?
A good salary in Springfield, MA is anything over $42,000. That's because the median income in Springfield is $42,000, which means if you earn more than that you're earning more than 50% of the people living in Springfield. The average salary in Springfield is $47,122.
A good hourly wage in Springfield is $20.19 per hour. That works out to a good weekly wage of $807 per week and a good monthly wage of $3,500 per month. However, using the median income is only one way to calculate a good salary in Springfield.
Another way to calculate a good salary in Springfield 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 $156,200, a good salary in Springfield would be $31,240.
Lastly, we can determine a good salary in Springfield by looking at the cost of living and comparing it to the US average salary. The cost of living in Springfield is 5% higher than than the national average. The national average salary is $56,310, so a good salary in Springfield is anything over $59,125 by this measure.
Average Annual Salary in Springfield, MA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $24,000 | $2,000 | $461 | $11.54 |
| 25th | $31,000 | $2,583 | $596 | $14.9 |
| Median | $42,000 | $3,500 | $807 | $20.19 |
| 75th | $57,000 | $4,750 | $1,096 | $27.4 |
| 90th | $75,000 | $6,250 | $1,442 | $36.06 |
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