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This question is about Lakewood, WA.
What is a good salary in Lakewood, WA?
A good salary in Lakewood, WA is anything over $38,000. That's because the median income in Lakewood is $38,000, 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 $44,413.
A good hourly wage in Lakewood is $18.27 per hour. That works out to a good weekly wage of $730 per week and a good monthly wage of $3,166 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 $269,200, a good salary in Lakewood would be $53,840.
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 12% higher than than the national average. The national average salary is $56,310, so a good salary in Lakewood is anything over $63,630 by this measure.
Average Annual Salary in Lakewood, WA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $18,000 | $1,500 | $346 | $8.65 |
| 25th | $26,000 | $2,166 | $500 | $12.5 |
| Median | $38,000 | $3,166 | $730 | $18.27 |
| 75th | $55,000 | $4,583 | $1,057 | $26.44 |
| 90th | $77,000 | $6,416 | $1,480 | $37.02 |
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