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This question is about The Colony, TX.
What is a good salary in The Colony, TX?
A good salary in The Colony, TX is anything over $64,000. That's because the median income in The Colony is $64,000, which means if you earn more than that you're earning more than 50% of the people living in The Colony. The average salary in The Colony is $75,441.
A good hourly wage in The Colony is $30.77 per hour. That works out to a good weekly wage of $1,230 per week and a good monthly wage of $5,333 per month. However, using the median income is only one way to calculate a good salary in The Colony.
Another way to calculate a good salary in The Colony 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 $231,700, a good salary in The Colony would be $46,340.
Lastly, we can determine a good salary in The Colony by looking at the cost of living and comparing it to the US average salary. The cost of living in The Colony is 3% higher than than the national average. The national average salary is $56,310, so a good salary in The Colony is anything over $57,999 by this measure.
Average Annual Salary in The Colony, TX
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $31,000 | $2,583 | $596 | $14.9 |
| 25th | $44,000 | $3,666 | $846 | $21.15 |
| Median | $64,000 | $5,333 | $1,230 | $30.77 |
| 75th | $94,000 | $7,833 | $1,807 | $45.19 |
| 90th | $132,000 | $11,000 | $2,538 | $63.46 |
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