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This question is about Monterey Park, CA.
What is a good salary in Monterey Park, CA?
A good salary in Monterey Park, CA is anything over $40,000. That's because the median income in Monterey Park is $40,000, which means if you earn more than that you're earning more than 50% of the people living in Monterey Park. The average salary in Monterey Park is $47,461.
A good hourly wage in Monterey Park is $19.23 per hour. That works out to a good weekly wage of $769 per week and a good monthly wage of $3,333 per month. However, using the median income is only one way to calculate a good salary in Monterey Park.
Another way to calculate a good salary in Monterey Park 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 $616,000, a good salary in Monterey Park would be $123,200.
Lastly, we can determine a good salary in Monterey Park by looking at the cost of living and comparing it to the US average salary. The cost of living in Monterey Park is 54% higher than than the national average. The national average salary is $56,310, so a good salary in Monterey Park is anything over $86,717 by this measure.
Average Annual Salary in Monterey Park, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $20,000 | $1,666 | $384 | $9.62 |
| 25th | $28,000 | $2,333 | $538 | $13.46 |
| Median | $40,000 | $3,333 | $769 | $19.23 |
| 75th | $59,000 | $4,916 | $1,134 | $28.37 |
| 90th | $82,000 | $6,833 | $1,576 | $39.42 |
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