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This question is about Elk Grove, CA.
What is a good salary in Elk Grove, CA?
A good salary in Elk Grove, CA is anything over $63,000. That's because the median income in Elk Grove is $63,000, which means if you earn more than that you're earning more than 50% of the people living in Elk Grove. The average salary in Elk Grove is $72,097.
A good hourly wage in Elk Grove is $30.29 per hour. That works out to a good weekly wage of $1,211 per week and a good monthly wage of $5,250 per month. However, using the median income is only one way to calculate a good salary in Elk Grove.
Another way to calculate a good salary in Elk Grove 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 $406,300, a good salary in Elk Grove would be $81,260.
Lastly, we can determine a good salary in Elk Grove by looking at the cost of living and comparing it to the US average salary. The cost of living in Elk Grove is 32% higher than than the national average. The national average salary is $56,310, so a good salary in Elk Grove is anything over $74,329 by this measure.
Average Annual Salary in Elk Grove, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $33,000 | $2,750 | $634 | $15.87 |
| 25th | $45,000 | $3,750 | $865 | $21.63 |
| Median | $63,000 | $5,250 | $1,211 | $30.29 |
| 75th | $89,000 | $7,416 | $1,711 | $42.79 |
| 90th | $120,000 | $10,000 | $2,307 | $57.69 |
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