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This question is about Palo Alto, CA.
What is a good salary in Palo Alto, CA?
A good salary in Palo Alto, CA is anything over $100,000. That's because the median income in Palo Alto is $100,000, which means if you earn more than that you're earning more than 50% of the people living in Palo Alto. The average salary in Palo Alto is $122,074.
A good hourly wage in Palo Alto is $48.08 per hour. That works out to a good weekly wage of $1,923 per week and a good monthly wage of $8,333 per month. However, using the median income is only one way to calculate a good salary in Palo Alto.
Another way to calculate a good salary in Palo Alto 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 $2,000,000, a good salary in Palo Alto would be $400,000.
Lastly, we can determine a good salary in Palo Alto by looking at the cost of living and comparing it to the US average salary. The cost of living in Palo Alto is 204% higher than than the national average. The national average salary is $56,310, so a good salary in Palo Alto is anything over $171,182 by this measure.
Average Annual Salary in Palo Alto, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $44,000 | $3,666 | $846 | $21.15 |
| 25th | $65,000 | $5,416 | $1,250 | $31.25 |
| Median | $100,000 | $8,333 | $1,923 | $48.08 |
| 75th | $153,000 | $12,750 | $2,942 | $73.56 |
| 90th | $224,000 | $18,666 | $4,307 | $107.69 |
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