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This question is about Rancho Palos Verdes, CA.
What is a good salary in Rancho Palos Verdes, CA?
A good salary in Rancho Palos Verdes, CA is anything over $96,000. That's because the median income in Rancho Palos Verdes is $96,000, which means if you earn more than that you're earning more than 50% of the people living in Rancho Palos Verdes. The average salary in Rancho Palos Verdes is $115,057.
A good hourly wage in Rancho Palos Verdes is $46.15 per hour. That works out to a good weekly wage of $1,846 per week and a good monthly wage of $8,000 per month. However, using the median income is only one way to calculate a good salary in Rancho Palos Verdes.
Another way to calculate a good salary in Rancho Palos Verdes 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 $1,156,700, a good salary in Rancho Palos Verdes would be $231,340.
Lastly, we can determine a good salary in Rancho Palos Verdes by looking at the cost of living and comparing it to the US average salary. The cost of living in Rancho Palos Verdes is 118% higher than than the national average. The national average salary is $56,310, so a good salary in Rancho Palos Verdes is anything over $122,755 by this measure.
Average Annual Salary in Rancho Palos Verdes, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $45,000 | $3,750 | $865 | $21.63 |
| 25th | $65,000 | $5,416 | $1,250 | $31.25 |
| Median | $96,000 | $8,000 | $1,846 | $46.15 |
| 75th | $143,000 | $11,916 | $2,750 | $68.75 |
| 90th | $205,000 | $17,083 | $3,942 | $98.56 |
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