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This question is about Urbana, IL.
What is a good salary in Urbana, IL?
A good salary in Urbana, IL is anything over $50,000. That's because the median income in Urbana is $50,000, which means if you earn more than that you're earning more than 50% of the people living in Urbana. The average salary in Urbana is $59,113.
A good hourly wage in Urbana is $24.04 per hour. That works out to a good weekly wage of $961 per week and a good monthly wage of $4,166 per month. However, using the median income is only one way to calculate a good salary in Urbana.
Another way to calculate a good salary in Urbana 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 $155,000, a good salary in Urbana would be $31,000.
Lastly, we can determine a good salary in Urbana by looking at the cost of living and comparing it to the US average salary. The cost of living in Urbana is 9% lower than than the national average. The national average salary is $56,310, so a good salary in Urbana is anything over $50,679 by this measure.
Average Annual Salary in Urbana, IL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $25,000 | $2,083 | $480 | $12.02 |
| 25th | $35,000 | $2,916 | $673 | $16.83 |
| Median | $50,000 | $4,166 | $961 | $24.04 |
| 75th | $73,000 | $6,083 | $1,403 | $35.1 |
| 90th | $102,000 | $8,500 | $1,961 | $49.04 |
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