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?
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.
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.
Is 60k a good salary in Los Angeles?
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.
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.
What is a livable salary in LA?
Living Wage Calculation for Los Angeles County, California
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $19.35 | $28.04 |
| Poverty Wage | $6.13 | $6.30 |
| Minimum Wage | $12.00 | $12.00 |
Is LA more expensive than NYC?
As for home buying, the median home price in Los Angeles is $788,384 and in New York City is $1,628,124. While the cost of living in New York City is more expensive than Los Angeles, New Yorkers do earn a slightly higher median household income. The median household income in LA is $54,501 and in NYC is $57,782.
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.
What is a livable salary in California?
Living Wage Calculation for California
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $18.66 | $40.83 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $12.00 | $12.00 |
Is 100k a good salary in Los Angeles?
If you’re looking in the Los Angeles area, it gets expensive pretty quick. So many people in L.A. are house poor. Then you take into account a couple of cars, the higher insurance rates, etc. $100,000 is still a great salary.
Can you live in Los Angeles on minimum wage?
The minimum wage in Los Angeles is nearly unlivable, if not impossible to live upon. This breaks down the cost of living in Los Angeles versus the minimum wage.
Why is LA so expensive?
Housing: Rental Prices
The biggest factor that makes living in LA so expensive is the high housing cost. With a median purchase price of $650,000, homeownership is out of reach for many Angelenos (more on that below).
Is it better to rent or buy in Los Angeles?
New report: It’s cheaper to rent than buy in LA
According to the report, renting is more affordable than buying a house in nearly 60 percent of cities nationwide—including Los Angeles. In LA County, the report finds that a three-bedroom home commands a median price of $630,000.
Where do middle class live in Los Angeles?
The hills and flatlands of the San Fernando, San Gabriel, Santa Clarita and Antelope valleys are where many middle–class Angelenos live in lesser-known but more affordable and livable neighborhoods.
Can I live in NYC on 60k a year?
60k is the median household income in nyc. You won’t be living wild and large, but it’s feasible.