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This question is about Springfield, OR.
What is a good salary in Springfield, OR?
A good salary in Springfield, OR is anything over $41,000. That's because the median income in Springfield is $41,000, 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 $47,790.
A good hourly wage in Springfield is $19.71 per hour. That works out to a good weekly wage of $788 per week and a good monthly wage of $3,416 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 $204,700, a good salary in Springfield would be $40,940.
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 7% higher than than the national average. The national average salary is $56,310, so a good salary in Springfield is anything over $60,251 by this measure.
Average Annual Salary in Springfield, OR
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $20,000 | $1,666 | $384 | $9.62 |
| 25th | $28,000 | $2,333 | $538 | $13.46 |
| Median | $41,000 | $3,416 | $788 | $19.71 |
| 75th | $59,000 | $4,916 | $1,134 | $28.37 |
| 90th | $82,000 | $6,833 | $1,576 | $39.42 |
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