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This question is about Simi Valley, CA.
What is a good salary in Simi Valley, CA?
A good salary in Simi Valley, CA is anything over $61,000. That's because the median income in Simi Valley is $61,000, which means if you earn more than that you're earning more than 50% of the people living in Simi Valley. The average salary in Simi Valley is $70,034.
A good hourly wage in Simi Valley 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 Simi Valley.
Another way to calculate a good salary in Simi Valley 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 $584,900, a good salary in Simi Valley would be $116,980.
Lastly, we can determine a good salary in Simi Valley by looking at the cost of living and comparing it to the US average salary. The cost of living in Simi Valley is 52% higher than than the national average. The national average salary is $56,310, so a good salary in Simi Valley is anything over $85,591 by this measure.
Average Annual Salary in Simi Valley, 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 | $61,000 | $5,083 | $1,173 | $29.33 |
| 75th | $86,000 | $7,166 | $1,653 | $41.35 |
| 90th | $117,000 | $9,750 | $2,250 | $56.25 |
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