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This question is about West Lafayette, IN.
What is a good salary in West Lafayette, IN?
A good salary in West Lafayette, IN is anything over $44,000. That's because the median income in West Lafayette is $44,000, which means if you earn more than that you're earning more than 50% of the people living in West Lafayette. The average salary in West Lafayette is $52,405.
A good hourly wage in West Lafayette 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 West Lafayette.
Another way to calculate a good salary in West Lafayette 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 $224,000, a good salary in West Lafayette would be $44,800.
Lastly, we can determine a good salary in West Lafayette by looking at the cost of living and comparing it to the US average salary. The cost of living in West Lafayette is 2% lower than than the national average. The national average salary is $56,310, so a good salary in West Lafayette is anything over $55,183 by this measure.
Average Annual Salary in West Lafayette, IN
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $20,000 | $1,666 | $384 | $9.62 |
| 25th | $29,000 | $2,416 | $557 | $13.94 |
| Median | $44,000 | $3,666 | $846 | $21.15 |
| 75th | $65,000 | $5,416 | $1,250 | $31.25 |
| 90th | $93,000 | $7,750 | $1,788 | $44.71 |
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