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This question is about Norwalk, CA.
What is a good salary in Norwalk, CA?
A good salary in Norwalk, CA is anything over $42,000. That's because the median income in Norwalk is $42,000, which means if you earn more than that you're earning more than 50% of the people living in Norwalk. The average salary in Norwalk is $47,777.
A good hourly wage in Norwalk is $20.19 per hour. That works out to a good weekly wage of $807 per week and a good monthly wage of $3,500 per month. However, using the median income is only one way to calculate a good salary in Norwalk.
Another way to calculate a good salary in Norwalk 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 $440,800, a good salary in Norwalk would be $88,160.
Lastly, we can determine a good salary in Norwalk by looking at the cost of living and comparing it to the US average salary. The cost of living in Norwalk is 32% higher than than the national average. The national average salary is $56,310, so a good salary in Norwalk is anything over $74,329 by this measure.
Average Annual Salary in Norwalk, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $23,000 | $1,916 | $442 | $11.06 |
| 25th | $31,000 | $2,583 | $596 | $14.9 |
| Median | $42,000 | $3,500 | $807 | $20.19 |
| 75th | $58,000 | $4,833 | $1,115 | $27.88 |
| 90th | $78,000 | $6,500 | $1,500 | $37.5 |
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