Salary & Cost of Living in Penfield, NY
Penfield, NY: $55,325 median salary, cost of living index 136, $15.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$55,325
$27/hr
Cost of Living
136
US avg = 100
Minimum Wage
$15.00
per hour
Unemployment
5%
rate
Penfield, NY Overview
Population
38,390
Median Salary
$55,325
Average Salary
$61,964
Avg Commute
17 min
Median Home Price
$406,000
Median Rent
$1,643/mo
Job Growth
+2.7%
Sales Tax
4%
Penfield is located in New York with a population of 38,390. The median household salary is $55,325 per year ($27/hour), which is $4,059 below the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +2.7%.
Penfield Salary by Experience Level (2026)
Wage distribution in Penfield, NY based on BLS percentile breakdown of the $55,325 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $34,302 | $16.49/hr | 0–2 years |
| Mid-Level (Median) | $55,325 | $26.60/hr | 3–7 years |
| Senior-Level | $78,562 | $37.77/hr | 8–15 years |
| Top 10% (90th Percentile) | $98,479 | $47.35/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Penfield Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Penfield, NY, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$42,343
$3,528.56/month · $1,628.57/biweekly · Effective Rate: 23.5%
Gross Pay
$55,325
Federal Tax
-$4,601
State Tax
-$3,790
Local Tax
-$360
FICA
-$4,232
Net Pay
$42,343
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,610.42 | $55,325.00 |
| Federal Income Tax | -$383.38 | -$4,600.50 |
| New York State Tax (6.85%) | -$315.81 | -$3,789.76 |
| Local Tax (0.65%) | -$29.97 | -$359.61 |
| Social Security (6.2%) | -$285.85 | -$3,430.15 |
| Medicare (1.45%) | -$66.85 | -$802.21 |
| Net Take-Home Pay | $3,528.56 | $42,342.76 |
Salary Comparison: Penfield vs Other Cities
See how Penfield's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Penfield, NY | $55,325 | 136 | $40,680 |
| National Average | $59,384 | 100 | $59,384 |
| Upper Darby, PA | $55,332 | 94.5 | $58,552 |
| Sahuarita, AZ | $55,315 | 92.5 | $59,800 |
| Cheektowaga, NY | $55,308 | 133.1 | $41,554 |
| Shawnee, KS | $55,293 | 86.5 | $63,923 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Penfield
Penfield's cost of living index is 136 (national average = 100). Living in Penfield is 36% more expensive than the national average.
Median Home Price
$406,000
Median Monthly Rent
$1,643
Annual Rent Cost
$19,716
Your Salary's Purchasing Power
Your $42,343 annual take-home pay in Penfield has the purchasing power of approximately $31,134 in an average-cost US area. You would need to earn $75,242 in Penfield to match a $55,325 salary in an average-cost city.
Top Industries in Penfield
Penfield's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $55,325.
Salary Tips for Penfield Workers
- Negotiate for cost of living. Penfield has a cost of living 36% above the national average. When negotiating salary, factor in the higher housing and living costs to ensure your real purchasing power stays competitive.
- Maximize pre-tax deductions. With a 6.85% state income tax rate, maximizing 401(k) contributions (up to $24,500 in 2026) and HSA contributions can significantly reduce both your federal and state tax burden.
- Research top industries. Penfield's top industries include Finance, Technology, Healthcare. Targeting roles in these sectors can help you earn above the $55,325 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Penfield, NY?
The median salary in Penfield, NY is $55,325 per year, or $27 per hour. The average salary is $61,964. This is $4,059 below the national median of $59,384.
What is the cost of living in Penfield, NY?
Penfield's cost of living index is 136 (national average = 100), meaning it is 36% more expensive compared to the national average. The median home price is $406,000 and the median monthly rent is $1,643.
What are the best industries in Penfield?
The top industries in Penfield, NY include Finance, Technology, Healthcare. The city has a job growth rate of 2.7% and an unemployment rate of 5%. Workers in these industries often earn above the city's median salary of $55,325.
How does Penfield's salary compare to other cities?
Penfield's median salary of $55,325 is 6.8% below the national median of $59,384. However, when adjusted for cost of living (index: 136), the real purchasing power is approximately $40,680.
What is the minimum wage in Penfield, NY?
The minimum wage in Penfield, NY is $15.00 per hour. This equals approximately $31,200 per year for a full-time worker (40 hours/week). This is $7.75 above the federal minimum wage of $7.25/hour.