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This question is about Downey, CA.
What is a good salary in Downey, CA?
A good salary in Downey, CA is anything over $45,000. That's because the median income in Downey is $45,000, which means if you earn more than that you're earning more than 50% of the people living in Downey. The average salary in Downey is $51,879.
A good hourly wage in Downey is $21.63 per hour. That works out to a good weekly wage of $865 per week and a good monthly wage of $3,750 per month. However, using the median income is only one way to calculate a good salary in Downey.
Another way to calculate a good salary in Downey 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 $569,300, a good salary in Downey would be $113,860.
Lastly, we can determine a good salary in Downey by looking at the cost of living and comparing it to the US average salary. The cost of living in Downey is 44% higher than than the national average. The national average salary is $56,310, so a good salary in Downey is anything over $81,649 by this measure.
Average Annual Salary in Downey, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $23,000 | $1,916 | $442 | $11.06 |
| 25th | $32,000 | $2,666 | $615 | $15.38 |
| Median | $45,000 | $3,750 | $865 | $21.63 |
| 75th | $64,000 | $5,333 | $1,230 | $30.77 |
| 90th | $87,000 | $7,250 | $1,673 | $41.83 |
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