Quick Answer: What Is A Comfortable Salary In LA?

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..

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…

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.

Why is LA so expensive?

The topography of Los Angeles makes it costly to build a house than in other places. Also, there is the ocean, and it’s impossible to expand into the ocean. Limited land and other multiple demands raise land prices. … The labor cost is more expensive in L.A. than in other cities in California and the country at large.

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.

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.

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 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.

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

1. Oxnard. About an hour north of Los Angeles, Oxnard offers beachfront living at an affordable price. The median household income here is $62,349 with median home value settling at $332,600, which is actually a great deal for California real estate.

What is the cheapest place in California to live?

The 11 Cheapest Places to Live in CaliforniaEureka.Stockton.Clovis.Sacramento.Chico.Fontana.Vacaville.Oxnard.More items…•

What is a good salary in California?

Average Salary in California by CityCityAverage Household IncomeFremont$111,613San Bernardino$38,456Modesto$50,99617 more rows•Nov 13, 2018

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.

What is a livable salary in California?

Living Wage Calculation for California1 ADULT2 ADULTS (1 WORKING)0 Children1 ChildLiving Wage$14.99$29.17Poverty Wage$6.00$10.25Minimum Wage$12.00$12.00

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.

How much do you need to make to be comfortable in Los Angeles?

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.