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This question is about Lake Charles, LA.
What is a good salary in Lake Charles, LA?
A good salary in Lake Charles, LA is anything over $41,000. That's because the median income in Lake Charles is $41,000, which means if you earn more than that you're earning more than 50% of the people living in Lake Charles. The average salary in Lake Charles is $48,748.
A good hourly wage in Lake Charles is $19.71 per hour. That works out to a good weekly wage of $788 per week and a good monthly wage of $3,416 per month. However, using the median income is only one way to calculate a good salary in Lake Charles.
Another way to calculate a good salary in Lake Charles 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 $155,700, a good salary in Lake Charles would be $31,140.
Lastly, we can determine a good salary in Lake Charles by looking at the cost of living and comparing it to the US average salary. The cost of living in Lake Charles is 15% lower than than the national average. The national average salary is $56,310, so a good salary in Lake Charles is anything over $47,863 by this measure.
Average Annual Salary in Lake Charles, LA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $20,000 | $1,666 | $384 | $9.62 |
| 25th | $29,000 | $2,416 | $557 | $13.94 |
| Median | $41,000 | $3,416 | $788 | $19.71 |
| 75th | $60,000 | $5,000 | $1,153 | $28.85 |
| 90th | $84,000 | $7,000 | $1,615 | $40.38 |
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