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This question is about Palm Bay, FL.
What is a good salary in Palm Bay, FL?
A good salary in Palm Bay, FL is anything over $38,000. That's because the median income in Palm Bay is $38,000, which means if you earn more than that you're earning more than 50% of the people living in Palm Bay. The average salary in Palm Bay is $44,290.
A good hourly wage in Palm Bay 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 Palm Bay.
Another way to calculate a good salary in Palm Bay 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 $155,200, a good salary in Palm Bay would be $31,040.
Lastly, we can determine a good salary in Palm Bay by looking at the cost of living and comparing it to the US average salary. The cost of living in Palm Bay is 6% lower than than the national average. The national average salary is $56,310, so a good salary in Palm Bay is anything over $52,931 by this measure.
Average Annual Salary in Palm Bay, FL
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $20,000 | $1,666 | $384 | $9.62 |
| 25th | $27,000 | $2,250 | $519 | $12.98 |
| Median | $38,000 | $3,166 | $730 | $18.27 |
| 75th | $54,000 | $4,500 | $1,038 | $25.96 |
| 90th | $74,000 | $6,166 | $1,423 | $35.58 |
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