Quick Answer: What Salary Do You Need To Live Comfortably In LA?

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..

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.

Can you live in LA on 50000 a year?

You can live on 50k in a decent area. It’s just that you’ll have an old, small apartment and you won’t have much discretionary income to enjoy certain amenities. But it depends on what your expectations are.

Can you live in LA on 60000 a year?

I got a little lucky and I have years under me with dealing with LA/LB area but at $60,000 that is very doable if you keep your expenses down and find a place that doesn’t cost $2100+ a month. Depends on where you live. LA is a very spread out city with hundreds of unique neighborhoods.

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.

What is middle class income 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’s a comfortable salary in California?

They calculated an annual income of $74,371 was about right for the average person to live comfortably in Los Angeles. This is all fine and dandy until you look at what things really cost and note that the median income in the Southland is merely $48,682.

What is a decent salary in California?

The average salary in California is $63,783. That is the median salary, which is a more accurate picture of average salaries in California than the mean salary.

Is 50k a year good in Texas?

It is absolutely doable for a single person to live comfortably on 50K depending on spending habits (was on that salary for years as a teacher)…it’s doable to live comfortably on less than that. If you want to live at an updated/modern spot inside the loop (1 bed), I’d say plan for rent to be anywhere from $1200+.

Is 100k a good salary in California?

The folks at the personal finance site GoBankingRates.com looked at where a $100K income would be considered “good” in America’s 50 largest cities. Eight of the cities are in California, and it likely comes as no shock to those who live in the Golden State that $100,000 doesn’t go too far.

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.

Can you live in LA on 40000 a year?

As others have said, you can live in LA on 40k a year. Plenty of people do. It will definitely help if you move to the right area and get some friendly roommates.

Can you live in LA on minimum wage?

Originally Answered: Can you live in Los Angeles on minimum wage? Not even close. You might be able to scrape by making $20 an hour if you have zero bills and only pay rent. But that’s even a stretch.

What is considered rich in Los Angeles?

Beverly Hills is a city in California’s Los Angeles County and home to many Hollywood movie stars. To be considered “rich” in America, according to a recent poll from data firm YouGov, most people think you need to earn $100,000 or more a year.

What is a high salary in California?

Table 1. Top 100 highest-paying jobs in California (2019 survey)RankJob DescriptionEntry Level Salary i1Airline Pilots, Copilots, and Flight Engineers$90,7602Family Medicine Physicians$66,4003Judges, Magistrate Judges, and Magistrates$95,6304General Internal Medicine Physicians$114,14094 more rows

Where is the cheapest place to rent in LA?

Here Are the 5 Cheapest Rental Neighborhoods in L.A.South Los Angeles.Congress West and Crenshaw.Tarzana.San Pedro.North Hills.

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.

Is 90k a good salary in Los Angeles?

Bottom line is that $90K a year is solidly middle class and well above the LA County median household income. You can not only get by, but you can have all the necessities of life, a few minor luxuries, a small retirement and short term savings each month, and generally live a good quality of live.