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This question is about Springfield, MO.
What is a good salary in Springfield, MO?
A good salary in Springfield, MO is anything over $33,000. That's because the median income in Springfield is $33,000, 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 $38,876.
A good hourly wage in Springfield is $15.87 per hour. That works out to a good weekly wage of $634 per week and a good monthly wage of $2,750 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 $118,100, a good salary in Springfield would be $23,620.
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 15% lower than than the national average. The national average salary is $56,310, so a good salary in Springfield is anything over $47,863 by this measure.
Average Annual Salary in Springfield, MO
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $17,000 | $1,416 | $326 | $8.17 |
| 25th | $23,000 | $1,916 | $442 | $11.06 |
| Median | $33,000 | $2,750 | $634 | $15.87 |
| 75th | $48,000 | $4,000 | $923 | $23.08 |
| 90th | $66,000 | $5,500 | $1,269 | $31.73 |
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