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This question is about Santa Monica, CA.
What is a good salary in Santa Monica, CA?
A good salary in Santa Monica, CA is anything over $79,000. That's because the median income in Santa Monica is $79,000, which means if you earn more than that you're earning more than 50% of the people living in Santa Monica. The average salary in Santa Monica is $96,068.
A good hourly wage in Santa Monica is $37.98 per hour. That works out to a good weekly wage of $1,519 per week and a good monthly wage of $6,583 per month. However, using the median income is only one way to calculate a good salary in Santa Monica.
Another way to calculate a good salary in Santa Monica 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 $1,382,700, a good salary in Santa Monica would be $276,540.
Lastly, we can determine a good salary in Santa Monica by looking at the cost of living and comparing it to the US average salary. The cost of living in Santa Monica is 121% higher than than the national average. The national average salary is $56,310, so a good salary in Santa Monica is anything over $124,445 by this measure.
Average Annual Salary in Santa Monica, CA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $36,000 | $3,000 | $692 | $17.31 |
| 25th | $53,000 | $4,416 | $1,019 | $25.48 |
| Median | $79,000 | $6,583 | $1,519 | $37.98 |
| 75th | $120,000 | $10,000 | $2,307 | $57.69 |
| 90th | $173,000 | $14,416 | $3,326 | $83.17 |
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