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This question is about Covina, CA.
What is a good salary in Covina, CA?
A good salary in Covina, CA is anything over $55,000. That's because the median income in Covina is $55,000, which means if you earn more than that you're earning more than 50% of the people living in Covina. The average salary in Covina is $63,982.
A good hourly wage in Covina is $26.44 per hour. That works out to a good weekly wage of $1,057 per week and a good monthly wage of $4,583 per month. However, using the median income is only one way to calculate a good salary in Covina.
Another way to calculate a good salary in Covina 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 $509,200, a good salary in Covina would be $101,840.
Lastly, we can determine a good salary in Covina by looking at the cost of living and comparing it to the US average salary. The cost of living in Covina is 37% higher than than the national average. The national average salary is $56,310, so a good salary in Covina is anything over $77,707 by this measure.
Average Annual Salary in Covina, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $28,000 | $2,333 | $538 | $13.46 |
| 25th | $38,000 | $3,166 | $730 | $18.27 |
| Median | $55,000 | $4,583 | $1,057 | $26.44 |
| 75th | $79,000 | $6,583 | $1,519 | $37.98 |
| 90th | $109,000 | $9,083 | $2,096 | $52.4 |
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