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I use two separate input (number) fields for min, max salary. No dropdown.
I've a created a list of salary ranging from 5-300K (Starts with 5K, then 10, 15, 20) in the DB. Users can choose min and max salary using a dropdown and I use two separate fields to store them.
I use a dropdown because people type random stuff in text boxes like "EUR 48.844" to "negotiable" to "$56 hourly"