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This question is about San Luis Obispo, CA.
What is a good salary in San Luis Obispo, CA?
A good salary in San Luis Obispo, CA is anything over $61,000. That's because the median income in San Luis Obispo is $61,000, which means if you earn more than that you're earning more than 50% of the people living in San Luis Obispo. The average salary in San Luis Obispo is $69,460.
A good hourly wage in San Luis Obispo is $29.33 per hour. That works out to a good weekly wage of $1,173 per week and a good monthly wage of $5,083 per month. However, using the median income is only one way to calculate a good salary in San Luis Obispo.
Another way to calculate a good salary in San Luis Obispo 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 $643,200, a good salary in San Luis Obispo would be $128,640.
Lastly, we can determine a good salary in San Luis Obispo by looking at the cost of living and comparing it to the US average salary. The cost of living in San Luis Obispo is 58% higher than than the national average. The national average salary is $56,310, so a good salary in San Luis Obispo is anything over $88,969 by this measure.
Average Annual Salary in San Luis Obispo, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $33,000 | $2,750 | $634 | $15.87 |
| 25th | $44,000 | $3,666 | $846 | $21.15 |
| Median | $61,000 | $5,083 | $1,173 | $29.33 |
| 75th | $85,000 | $7,083 | $1,634 | $40.87 |
| 90th | $115,000 | $9,583 | $2,211 | $55.29 |
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