Question: How Much Money Do You Need To Make To Live In Los Angeles?

Is 80k a good salary in California?

80K for a single person is more than Decent.

If you want your money to go further move to the eastbay.

I”m assuming after taxes your take home pay is around 5000 per month.

You can do just about anything you want with that money since you have no kids etc..

Which is the cheapest place to live in California?

El CentroEl Centro is the state’s cheapest place among California’s 26 metros, by the bureau’s math using 2019 data. The index says living in this inland, border region is 9.6% cheaper than a typical U.S. metropolitan area. Still, that’s no deal on a national scale, ranking 163rd out of the 389 metros.

Can you live in LA on 40000 a year?

A 40k salary won’t get you very far in a pricey city like LA. … Groceries are the one thing that aren’t way overpriced in LA (though it’s expensive still but produce is actually decently priced here). However, you’ll be paying a lot in taxes, car insurance (car is a necessity here), so you’ll have to watch every penny.

Is LA more expensive than NYC?

While Los Angeles ranks as a bit less expensive than New York City in the majority of the categories, it’s 31% more expensive when it comes to transportation, 16% more expensive for personal care, and 1% more expensive for recreation. … New York City, the most expensive city in the US.

Can you live in LA on minimum wage?

Can you live in Los Angeles on a minimum wage? Yes. In fact, you can live there with no money or job – If you’re willing to sleep in a tent downtown, crap in the street, assault people at random, use drugs, and don’t mind waiting for your free hypodermic needles.

How can I make 100k a year from home?

Let’s dive in and teach how to make 100k a year from home!Teach Online. Taking virtual classes is one of the most potent ways to make 100k a year online. … Create a Blog. … Become a Business SEO Consultant. … Sell Photos Online. … Consider Dropshipping. … Write a Book. … Consider YouTubing. … Take Up Stock Trading/Investing.More items…•

What is a high salary in California?

Table 1. Top 100 highest-paying jobs in California (2019 survey)RankJob DescriptionAverage Salary i1Airline Pilots, Copilots, and Flight Engineers$204,7602Family Medicine Physicians$201,9503Judges, Magistrate Judges, and Magistrates$200,1504General Internal Medicine Physicians$199,98094 more rows

What is middle class in LA?

An annual income of between two and seven times the California Poverty Measure is considered middle class, Ms. Bohn said. Therefore, she estimates a middle class income in Los Angeles County for a family of four that rents a home to be between $65,030 and $227,605.

What is minimum wage in LA County?

The minimum wage is set to incrementally increase over the next five years: increasing to $10.50 on July 1, 2016; $12 on July 1, 2017; $13.25 on July 1, 2018; $14.25 on July 1, 2019; and $15.00 on July 1, 2020.

Where is the cheapest and safest place to live in California?

Here are the 5 most affordable cities in California:Oxnard.Ventura.Simi Valley.Vacaville.Camarillo.

What is a livable salary in Los Angeles?

Living Wage Calculation for Los Angeles County, California1 ADULT2 ADULTS (1 WORKING)0 Children1 ChildLiving Wage$14.83$29.38Poverty Wage$6.00$10.25Minimum Wage$12.00$12.00

Can you live in LA on 50000 a year?

Can I live on $50,000 a year in California? … Yes, you can survive, but you’re not likely going to be able to buy real estate anywhere you would want to live or that seems like the California you may imagine. In Los Angeles County the line defined as low income for 1 person is actually $50,500 annually as of March 2018.

What percentage of Americans make over 100k?

Percentage distribution of household income in the U.S. in 2019Annual household income in U.S. dollarsPercentage of U.S. households50,000 to 74,99916.5%75,000 to 99,99912.3%100,000 to 149,99915.5%150,000 to 199,9998.3%5 more rows•Nov 5, 2020

What salary do you need to live comfortably in LA?

You’ll need a staggering six-figure income to live comfortably in Los Angeles: at least $136,207 if you’re paying rent or $150,391 if you own a house. The salary needed to live comfortably in Los Angeles has risen by more than $25,000 in the past year, due to rising annual costs of transportation and utilities.

Is 50k a good salary in California?

So basically speaking, 50K gross is NOT nearly enough in less you find 2 or 3 roommates to share ALL expenses. Now if you can live/work in some of the more remote areas of Calif. some desert and forest areas, you can possibly make it on that amount, but you would have NO extras. … Calif is a very expensive place to live.

Is 60k a good salary in California?

LA is full of good stuff, and 60k is absolutely liveable. I did it at that rate, just watch your debt. Its a fun city and 60k is just enough to make you think you have spending$$ when you really don’t. There’s good food everywhere – and fun to be had for every interest.

Is 70k a good salary in Los Angeles?

70k will afford you a nice 1br apartment in a decent part of town at the least. if you’re working in the 90028 zip code, i would consider somewhere like los feliz. You can definitely make it out here on that. Some people seem to think you have to make an enormous amount of money to survive out here.

What is a good salary in LA?

In other words, in L.A. it’s all about good. The website Gobankingrates.com jumped in and did the math for us in their piece, “How Much Money You Need to Live Comfortably in the 50 Biggest Cities”. They calculated an annual income of $74,371 was about right for the average person to live comfortably in Los Angeles.