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This question is about Redondo Beach, CA.
What is a good salary in Redondo Beach, CA?
A good salary in Redondo Beach, CA is anything over $89,000. That's because the median income in Redondo Beach is $89,000, which means if you earn more than that you're earning more than 50% of the people living in Redondo Beach. The average salary in Redondo Beach is $106,360.
A good hourly wage in Redondo Beach is $42.79 per hour. That works out to a good weekly wage of $1,711 per week and a good monthly wage of $7,416 per month. However, using the median income is only one way to calculate a good salary in Redondo Beach.
Another way to calculate a good salary in Redondo Beach 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 $926,500, a good salary in Redondo Beach would be $185,300.
Lastly, we can determine a good salary in Redondo Beach by looking at the cost of living and comparing it to the US average salary. The cost of living in Redondo Beach is 87% higher than than the national average. The national average salary is $56,310, so a good salary in Redondo Beach is anything over $105,299 by this measure.
Average Annual Salary in Redondo Beach, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $42,000 | $3,500 | $807 | $20.19 |
| 25th | $60,000 | $5,000 | $1,153 | $28.85 |
| Median | $89,000 | $7,416 | $1,711 | $42.79 |
| 75th | $132,000 | $11,000 | $2,538 | $63.46 |
| 90th | $188,000 | $15,666 | $3,615 | $90.38 |
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