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This question is about Lake Elsinore, CA.
What is a good salary in Lake Elsinore, CA?
A good salary in Lake Elsinore, CA is anything over $49,000. That's because the median income in Lake Elsinore is $49,000, which means if you earn more than that you're earning more than 50% of the people living in Lake Elsinore. The average salary in Lake Elsinore is $55,270.
A good hourly wage in Lake Elsinore is $23.56 per hour. That works out to a good weekly wage of $942 per week and a good monthly wage of $4,083 per month. However, using the median income is only one way to calculate a good salary in Lake Elsinore.
Another way to calculate a good salary in Lake Elsinore 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 $352,600, a good salary in Lake Elsinore would be $70,520.
Lastly, we can determine a good salary in Lake Elsinore by looking at the cost of living and comparing it to the US average salary. The cost of living in Lake Elsinore is 20% higher than than the national average. The national average salary is $56,310, so a good salary in Lake Elsinore is anything over $68,135 by this measure.
Average Annual Salary in Lake Elsinore, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $28,000 | $2,333 | $538 | $13.46 |
| 25th | $36,000 | $3,000 | $692 | $17.31 |
| Median | $49,000 | $4,083 | $942 | $23.56 |
| 75th | $67,000 | $5,583 | $1,288 | $32.21 |
| 90th | $88,000 | $7,333 | $1,692 | $42.31 |
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