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This question is about Westminster, CO.
What is a good salary in Westminster, CO?
A good salary in Westminster, CO is anything over $47,000. That's because the median income in Westminster is $47,000, which means if you earn more than that you're earning more than 50% of the people living in Westminster. The average salary in Westminster is $53,465.
A good hourly wage in Westminster is $22.6 per hour. That works out to a good weekly wage of $903 per week and a good monthly wage of $3,916 per month. However, using the median income is only one way to calculate a good salary in Westminster.
Another way to calculate a good salary in Westminster 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 $340,900, a good salary in Westminster would be $68,180.
Lastly, we can determine a good salary in Westminster by looking at the cost of living and comparing it to the US average salary. The cost of living in Westminster is 8% higher than than the national average. The national average salary is $56,310, so a good salary in Westminster is anything over $60,814 by this measure.
Average Annual Salary in Westminster, CO
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $25,000 | $2,083 | $480 | $12.02 |
| 25th | $34,000 | $2,833 | $653 | $16.35 |
| Median | $47,000 | $3,916 | $903 | $22.6 |
| 75th | $65,000 | $5,416 | $1,250 | $31.25 |
| 90th | $88,000 | $7,333 | $1,692 | $42.31 |
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