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This question is about Waukegan, IL.
What is a good salary in Waukegan, IL?
A good salary in Waukegan, IL is anything over $34,000. That's because the median income in Waukegan is $34,000, which means if you earn more than that you're earning more than 50% of the people living in Waukegan. The average salary in Waukegan is $40,166.
A good hourly wage in Waukegan is $16.35 per hour. That works out to a good weekly wage of $653 per week and a good monthly wage of $2,833 per month. However, using the median income is only one way to calculate a good salary in Waukegan.
Another way to calculate a good salary in Waukegan 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 $132,200, a good salary in Waukegan would be $26,440.
Lastly, we can determine a good salary in Waukegan by looking at the cost of living and comparing it to the US average salary. The cost of living in Waukegan is 2% lower than than the national average. The national average salary is $56,310, so a good salary in Waukegan is anything over $55,183 by this measure.
Average Annual Salary in Waukegan, IL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $17,000 | $1,416 | $326 | $8.17 |
| 25th | $24,000 | $2,000 | $461 | $11.54 |
| Median | $34,000 | $2,833 | $653 | $16.35 |
| 75th | $49,000 | $4,083 | $942 | $23.56 |
| 90th | $69,000 | $5,750 | $1,326 | $33.17 |
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