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This question is about Palm Springs, CA.
What is a good salary in Palm Springs, CA?
A good salary in Palm Springs, CA is anything over $55,000. That's because the median income in Palm Springs is $55,000, which means if you earn more than that you're earning more than 50% of the people living in Palm Springs. The average salary in Palm Springs is $67,168.
A good hourly wage in Palm Springs is $26.44 per hour. That works out to a good weekly wage of $1,057 per week and a good monthly wage of $4,583 per month. However, using the median income is only one way to calculate a good salary in Palm Springs.
Another way to calculate a good salary in Palm Springs 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 $389,800, a good salary in Palm Springs would be $77,960.
Lastly, we can determine a good salary in Palm Springs by looking at the cost of living and comparing it to the US average salary. The cost of living in Palm Springs is 23% higher than than the national average. The national average salary is $56,310, so a good salary in Palm Springs is anything over $69,261 by this measure.
Average Annual Salary in Palm Springs, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $25,000 | $2,083 | $480 | $12.02 |
| 25th | $36,000 | $3,000 | $692 | $17.31 |
| Median | $55,000 | $4,583 | $1,057 | $26.44 |
| 75th | $84,000 | $7,000 | $1,615 | $40.38 |
| 90th | $122,000 | $10,166 | $2,346 | $58.65 |
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