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This question is about El Monte, CA.
What is a good salary in El Monte, CA?
A good salary in El Monte, CA is anything over $32,000. That's because the median income in El Monte is $32,000, which means if you earn more than that you're earning more than 50% of the people living in El Monte. The average salary in El Monte is $37,298.
A good hourly wage in El Monte is $15.38 per hour. That works out to a good weekly wage of $615 per week and a good monthly wage of $2,666 per month. However, using the median income is only one way to calculate a good salary in El Monte.
Another way to calculate a good salary in El Monte 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 $454,900, a good salary in El Monte would be $90,980.
Lastly, we can determine a good salary in El Monte by looking at the cost of living and comparing it to the US average salary. The cost of living in El Monte is 35% higher than than the national average. The national average salary is $56,310, so a good salary in El Monte is anything over $76,018 by this measure.
Average Annual Salary in El Monte, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $17,000 | $1,416 | $326 | $8.17 |
| 25th | $23,000 | $1,916 | $442 | $11.06 |
| Median | $32,000 | $2,666 | $615 | $15.38 |
| 75th | $46,000 | $3,833 | $884 | $22.12 |
| 90th | $62,000 | $5,166 | $1,192 | $29.81 |
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