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This question is about Lakewood, CA.
What is a good salary in Lakewood, CA?
A good salary in Lakewood, CA is anything over $57,000. That's because the median income in Lakewood is $57,000, which means if you earn more than that you're earning more than 50% of the people living in Lakewood. The average salary in Lakewood is $65,887.
A good hourly wage in Lakewood is $27.4 per hour. That works out to a good weekly wage of $1,096 per week and a good monthly wage of $4,750 per month. However, using the median income is only one way to calculate a good salary in Lakewood.
Another way to calculate a good salary in Lakewood 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 $568,600, a good salary in Lakewood would be $113,720.
Lastly, we can determine a good salary in Lakewood by looking at the cost of living and comparing it to the US average salary. The cost of living in Lakewood is 43% higher than than the national average. The national average salary is $56,310, so a good salary in Lakewood is anything over $81,086 by this measure.
Average Annual Salary in Lakewood, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $30,000 | $2,500 | $576 | $14.42 |
| 25th | $41,000 | $3,416 | $788 | $19.71 |
| Median | $57,000 | $4,750 | $1,096 | $27.4 |
| 75th | $81,000 | $6,750 | $1,557 | $38.94 |
| 90th | $110,000 | $9,166 | $2,115 | $52.88 |
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