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This question is about Richmond, CA.
What is a good salary in Richmond, CA?
A good salary in Richmond, CA is anything over $62,000. That's because the median income in Richmond is $62,000, which means if you earn more than that you're earning more than 50% of the people living in Richmond. The average salary in Richmond is $71,336.
A good hourly wage in Richmond is $29.81 per hour. That works out to a good weekly wage of $1,192 per week and a good monthly wage of $5,166 per month. However, using the median income is only one way to calculate a good salary in Richmond.
Another way to calculate a good salary in Richmond 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 $462,600, a good salary in Richmond would be $92,520.
Lastly, we can determine a good salary in Richmond by looking at the cost of living and comparing it to the US average salary. The cost of living in Richmond is 37% higher than than the national average. The national average salary is $56,310, so a good salary in Richmond is anything over $77,707 by this measure.
Average Annual Salary in Richmond, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $32,000 | $2,666 | $615 | $15.38 |
| 25th | $44,000 | $3,666 | $846 | $21.15 |
| Median | $62,000 | $5,166 | $1,192 | $29.81 |
| 75th | $88,000 | $7,333 | $1,692 | $42.31 |
| 90th | $120,000 | $10,000 | $2,307 | $57.69 |
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