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This question is about Waterbury, CT.
What is a good salary in Waterbury, CT?
A good salary in Waterbury, CT is anything over $41,000. That's because the median income in Waterbury is $41,000, which means if you earn more than that you're earning more than 50% of the people living in Waterbury. The average salary in Waterbury is $45,935.
A good hourly wage in Waterbury 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 Waterbury.
Another way to calculate a good salary in Waterbury 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 $130,700, a good salary in Waterbury would be $26,140.
Lastly, we can determine a good salary in Waterbury by looking at the cost of living and comparing it to the US average salary. The cost of living in Waterbury is 5% higher than than the national average. The national average salary is $56,310, so a good salary in Waterbury is anything over $59,125 by this measure.
Average Annual Salary in Waterbury, CT
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $24,000 | $2,000 | $461 | $11.54 |
| 25th | $31,000 | $2,583 | $596 | $14.9 |
| Median | $41,000 | $3,416 | $788 | $19.71 |
| 75th | $55,000 | $4,583 | $1,057 | $26.44 |
| 90th | $72,000 | $6,000 | $1,384 | $34.62 |
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