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This question is about Folsom, CA.
What is a good salary in Folsom, CA?
A good salary in Folsom, CA is anything over $77,000. That's because the median income in Folsom is $77,000, which means if you earn more than that you're earning more than 50% of the people living in Folsom. The average salary in Folsom is $87,678.
A good hourly wage in Folsom is $37.02 per hour. That works out to a good weekly wage of $1,480 per week and a good monthly wage of $6,416 per month. However, using the median income is only one way to calculate a good salary in Folsom.
Another way to calculate a good salary in Folsom 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 $524,100, a good salary in Folsom would be $104,820.
Lastly, we can determine a good salary in Folsom by looking at the cost of living and comparing it to the US average salary. The cost of living in Folsom is 44% higher than than the national average. The national average salary is $56,310, so a good salary in Folsom is anything over $81,649 by this measure.
Average Annual Salary in Folsom, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $41,000 | $3,416 | $788 | $19.71 |
| 25th | $56,000 | $4,666 | $1,076 | $26.92 |
| Median | $77,000 | $6,416 | $1,480 | $37.02 |
| 75th | $108,000 | $9,000 | $2,076 | $51.92 |
| 90th | $145,000 | $12,083 | $2,788 | $69.71 |
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