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This question is about Lakewood, CO.
What is a good salary in Lakewood, CO?
A good salary in Lakewood, CO is anything over $54,000. That's because the median income in Lakewood is $54,000, 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 $61,189.
A good hourly wage in Lakewood is $25.96 per hour. That works out to a good weekly wage of $1,038 per week and a good monthly wage of $4,500 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 $364,800, a good salary in Lakewood would be $72,960.
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 13% higher than than the national average. The national average salary is $56,310, so a good salary in Lakewood is anything over $64,193 by this measure.
Average Annual Salary in Lakewood, CO
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $29,000 | $2,416 | $557 | $13.94 |
| 25th | $39,000 | $3,250 | $750 | $18.75 |
| Median | $54,000 | $4,500 | $1,038 | $25.96 |
| 75th | $75,000 | $6,250 | $1,442 | $36.06 |
| 90th | $101,000 | $8,416 | $1,942 | $48.56 |
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