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This question is about Waco, TX.
What is a good salary in Waco, TX?
A good salary in Waco, TX is anything over $44,000. That's because the median income in Waco is $44,000, which means if you earn more than that you're earning more than 50% of the people living in Waco. The average salary in Waco is $51,308.
A good hourly wage in Waco is $21.15 per hour. That works out to a good weekly wage of $846 per week and a good monthly wage of $3,666 per month. However, using the median income is only one way to calculate a good salary in Waco.
Another way to calculate a good salary in Waco 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 $125,300, a good salary in Waco would be $25,060.
Lastly, we can determine a good salary in Waco by looking at the cost of living and comparing it to the US average salary. The cost of living in Waco is 15% lower than than the national average. The national average salary is $56,310, so a good salary in Waco is anything over $47,863 by this measure.
Average Annual Salary in Waco, TX
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $22,000 | $1,833 | $423 | $10.58 |
| 25th | $31,000 | $2,583 | $596 | $14.9 |
| Median | $44,000 | $3,666 | $846 | $21.15 |
| 75th | $63,000 | $5,250 | $1,211 | $30.29 |
| 90th | $87,000 | $7,250 | $1,673 | $41.83 |
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