Average Salary in Modesto, CA
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $101,519 | $8,459 |
| 75th Percentile | $76,139 | $6,344 |
| Average | $66,179 | $5,514 |
| 25th Percentile | $50,252 | $4,187 |
How much does it cost to live comfortably in Modesto CA?
Modesto cost of living is 113.7
| COST OF LIVING | Modesto | California |
|---|---|---|
| Health | 101.1 | 92.4 |
| Housing | 130.1 | 239.1 |
| Median Home Cost | $388,800 | $684,800 |
| Utilities | 112 | 102.4 |
Is it expensive to live in Modesto CA?
Cost of Living in Modesto, California by Expense Category
Modesto’s housing expenses are 34% higher than the national average and the utility prices are 45% higher than the national average. Transportation expenses like bus fares and gas prices are 35% higher than the national average.
What is a good annual salary in California?
The average salary in California is technically $111,622. However, the median salary can provide a much more accurate picture, as it removes extreme outliers from the numbers. Therefore, the median salary in California is $78,672. Your salary in California largely will depend on where you live and what your job is.
What salary is good for living in California?
In order to just get by in California for a single person, the recommended annual income is $74,371.
What is minimum wage in Modesto, CA?
$15.00
Living Wage Calculation for Modesto, CA
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 3 Children | |
| Living Wage | $17.63 | $44.87 |
| Poverty Wage | $6.19 | $14.92 |
| Minimum Wage | $15.00 | $15.00 |
Is Modesto California Affordable?
Modesto is among the country’s least affordable cities in which to live, a new study shows. According to a 2022 study from GoodHire, a background screening software company in Redwood City, Modesto ranks sixth among the least affordable cities in the country, one spot ahead of the New York City metropolitan area.
Is Modesto, CA a nice place to live?
Modesto is consistently rated as one of the more dangerous places to live in California. The weather is great, but it gets super hot in the summer. It’s easy to get around, most of the streets are wide and straight. The Pacific Ocean is just over an hour away and so are the mountains.
What’s it like to live in Modesto, CA?
Living in Modesto comes with several benefits. This city has several qualities such as low cost of living, affordable housing, access to amenities, and proximity to major cities. But you should be aware of the disadvantages too. They include high crime rates, a poor economy, and high taxes rates.
Is Modesto California Nice?
As far as Central Valley towns go, Modesto is a reasonably good place to live. The area around Graceada Park (just North of Downtown) has beautiful tree-lined streets with very nice older homes. Over the last decade or so, the downtown area has really been revitalized, with many good restaurants and bars.
What is considered upper class in California?
According to their findings, you’ll need to earn $135,373 or more to be considered a “rich” person in the top 20 percent of the city’s nearly 4 million residents. The top 5 percent of earners in LA make an average of $516,961.
What is considered middle class in California?
Middle Class in Los Angeles County
| Persons in Household | Household Income | |
|---|---|---|
| Lower Class | Middle Class | |
| 1 | Up to $32,793 | $32,794 to $98,380 |
| 2 | Up to $46,376 | $46,377 to $139,130 |
| 3 | Up to $56,799 | $56,800 to $170,399 |
Is $80000 a good salary in California?
According to the U.S census as of 2020, the median salary for a four-person household is $68,400 per year, making 80K a substantially higher income than that of the average American.
Can you live in California on 50k a year?
If you make $50,000 a year living in the region of California, USA, you will be taxed $10,242. That means that your net pay will be $39,758 per year, or $3,313 per month. Your average tax rate is 20.5% and your marginal tax rate is 28.7%.
What is a livable wage in California 2022?
Applied to the 2019 MIT calculation, that would make a statewide living wage in 2022 roughly $20 and the poverty wage an estimated $7. Both estimates are a little lower than the true wages, because according to Leigh, California’s inflation is usually higher than the U.S.
Is $21 an hour good in California?
On average, renters in California make an hourly wage of $21.50 an hour, which is 41.2 percent lower than the necessary hourly wage to afford the cost of living.
What City in California has the highest minimum wage?
WEST HOLLYWOOD, CA — California officially has the highest minimum wage in the nation as of New Year’s Day, and one California city blows everyone else out of the water with a minimum wage more than double the federal one. West Hollywood started the year with a $17.64 per hour minimum wage for hotel workers.
How many hours is full time in California?
40 hours per
Full-time employment is defined in California Labor Code Section 515(c) as 40 hours per week.
What is the average salary in California 2021?
In 2021, the average annual pay of employees in California totaled to 85,753 U.S. dollars. This is a significant increase from 2001, when the average annual pay of employees was 41,327 U.S. dollars.
What kind of city is Modesto?
Modesto (Spanish for ‘”modest”‘) is the county seat and largest city of Stanislaus County, California, United States. With a population of 218,464 at the 2020 census, it is the 19th largest city in the state of California and forms part of the Sacramento-Stockton-Modesto Combined Statistical Area.
Is Modesto A good place to invest?
The Modesto metropolitan area is one of three housing markets in the nation at high risk of a price decline over the next year, according to new data. The market risk indicator, released by CoreLogic, indicates the local market is at a 50%-75% risk of a price decline over the next 12 months.