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This question is about Troy, NY.
What is a good salary in Troy, NY?
A good salary in Troy, NY is anything over $51,000. That's because the median income in Troy is $51,000, which means if you earn more than that you're earning more than 50% of the people living in Troy. The average salary in Troy is $57,044.
A good hourly wage in Troy 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 Troy.
Another way to calculate a good salary in Troy 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 $149,800, a good salary in Troy would be $29,960.
Lastly, we can determine a good salary in Troy by looking at the cost of living and comparing it to the US average salary. The cost of living in Troy is 0% higher than than the national average. The national average salary is $56,310, so a good salary in Troy is anything over $56,310 by this measure.
Average Annual Salary in Troy, NY
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $28,000 | $2,333 | $538 | $13.46 |
| 25th | $37,000 | $3,083 | $711 | $17.79 |
| Median | $51,000 | $4,250 | $980 | $24.52 |
| 75th | $70,000 | $5,833 | $1,346 | $33.65 |
| 90th | $92,000 | $7,666 | $1,769 | $44.23 |
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