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This question is about Hanford, CA.
What is a good salary in Hanford, CA?
A good salary in Hanford, CA is anything over $36,000. That's because the median income in Hanford is $36,000, which means if you earn more than that you're earning more than 50% of the people living in Hanford. The average salary in Hanford is $42,252.
A good hourly wage in Hanford is $17.31 per hour. That works out to a good weekly wage of $692 per week and a good monthly wage of $3,000 per month. However, using the median income is only one way to calculate a good salary in Hanford.
Another way to calculate a good salary in Hanford 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 $221,300, a good salary in Hanford would be $44,260.
Lastly, we can determine a good salary in Hanford by looking at the cost of living and comparing it to the US average salary. The cost of living in Hanford is 10% higher than than the national average. The national average salary is $56,310, so a good salary in Hanford is anything over $61,941 by this measure.
Average Annual Salary in Hanford, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $18,000 | $1,500 | $346 | $8.65 |
| 25th | $25,000 | $2,083 | $480 | $12.02 |
| Median | $36,000 | $3,000 | $692 | $17.31 |
| 75th | $52,000 | $4,333 | $1,000 | $25.0 |
| 90th | $72,000 | $6,000 | $1,384 | $34.62 |
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