In our industry, I've seen labor arbitrage ratios as low as 150% and as high as 2000%, so that's not a very good way to gauge pay - it depends on your market, y

In our industry, I've seen labor arbitrage ratios as low as 150% and as high as 2000%, so that's not a very good way to gauge pay - it depends on your market, your niche in the industry, and the risk that your employer takes on. You're making a reasonable wage assuming a below average cost of living.