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This question is about Lake Forest, CA.
What is a good salary in Lake Forest, CA?
A good salary in Lake Forest, CA is anything over $67,000. That's because the median income in Lake Forest is $67,000, which means if you earn more than that you're earning more than 50% of the people living in Lake Forest. The average salary in Lake Forest is $77,837.
A good hourly wage in Lake Forest is $32.21 per hour. That works out to a good weekly wage of $1,288 per week and a good monthly wage of $5,583 per month. However, using the median income is only one way to calculate a good salary in Lake Forest.
Another way to calculate a good salary in Lake Forest 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 $647,500, a good salary in Lake Forest would be $129,500.
Lastly, we can determine a good salary in Lake Forest by looking at the cost of living and comparing it to the US average salary. The cost of living in Lake Forest is 58% higher than than the national average. The national average salary is $56,310, so a good salary in Lake Forest is anything over $88,969 by this measure.
Average Annual Salary in Lake Forest, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $33,000 | $2,750 | $634 | $15.87 |
| 25th | $46,000 | $3,833 | $884 | $22.12 |
| Median | $67,000 | $5,583 | $1,288 | $32.21 |
| 75th | $96,000 | $8,000 | $1,846 | $46.15 |
| 90th | $134,000 | $11,166 | $2,576 | $64.42 |
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