## How much do you pay for rent in Los Angeles?

As of January 2020, **apartments** in LA rented for an average of $2,545, almost double the $1,463 nationwide average. The average rents in some especially trendy LA neighborhoods are among the highest in the country. These include Playa Vista ($3,415) and Venice ($3,203).

## How much should you spend on rent in LA?

Economists say you shouldn’t **spend** more than 30% of your earnings on **rental** costs. Using Zillow data, we mapped out the state’s **rental** market.

## What rent can I afford on my salary?

A simple rule of thumb is you shouldn’t spend more than 1/3 of your after tax salary on rent. As an example, your annual salary is 50K that leaves you with **$4,166**/month. After taxes, you should have around $3,270. One third of 3270 is about **$980**, and that’s what your monthly rent should be on 50K a year.

## How much should you spend on rent if you make 100k?

One rule of thumb involves dividing your pretax earnings by 40. This means that if you make **$100,000** a year, you should be able to afford **$2,500** per month in rent. Another rule of thumb is the 30% rule. If you take 30% of **$100,000**, you will get **$30,000**.

## 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.

## 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 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.

## 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.

## Is it OK to rent forever?

Back to the debunking the “**rent** is **forever**; your mortgage is not” argument: Yes, your P&I payments will disappear after 15-30 years. You’ll never be finished with home payments. Regardless of whether you **rent** or own, you’ll spend your life paying for housing in one form or another.

## How do you calculate 30% of rent?

To **calculate**, simply divide your annual gross income by 40. Another rule of thumb is the **30**% rule, meaning that you can put **30**% of your annual gross income in **rent**. If you make $90,000 a year, you can spend $27,000 on **rent**, and so your monthly **rent** should be $2,250.

## How do you calculate monthly rent?

The amount of **rent** you charge your tenants should be a **percentage** of your home’s market value. Typically, the rents that landlords charge fall between 0.8% and 1.1% of the home’s value. For example, for a home valued at $250,000, a landlord could charge between $2,000 and $2,750 each **month**.

## What does 15 dollars an hour annually?

15 dollars an hour is what per year? It depends on how many hours you work, but assuming a 40 hour work week, and working 50 weeks a year, then a $15 hourly wage is about **$30,000** per year, or $2,500 a month.

## How much do you have to make a year to afford a $500000 house?

How much do you need to make to be able to afford a house that costs $500,000? To afford a house that costs $500,000 with a down payment of **$100,000**, you’d need to earn $74,607 per year before tax. The monthly mortgage payment would be $1,741. Salary needed for 500,000 dollar mortgage.

## How much is 100k a year hourly?

Yearly / Monthly / Weekly / **Hourly** Converter

If you make $100 **per hour**, your Yearly salary would be $195,000. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a **year**, assuming you work 37.5 hours a week.

## What rent can I afford on 50k?

Qualification is often based on a rule of thumb, such as the “40 times **rent**” rule, which says that to be able to pay a certain **rent**, your annual salary needs to be 40 times that amount. In this case, 40 times $1,250 is $50,000. Therefore, if you make $50,000, you qualify for $1,250 per month in **rent**.