Question: What Salary Do You Need To Live In LA?

Can you live in LA on minimum wage?

Data analysis from MIT shows how much a household would actually need to earn annually to live in L.A.

County.

On the new minimum wage, a household with one adult will make enough to earn a living wage in Los Angeles County..

What is a livable wage in California?

Living Wage Calculation for California1 ADULT2 ADULTS (BOTH WORKING)0 Children3 ChildrenLiving Wage$14.99$25.06Poverty Wage$6.00$7.25Minimum Wage$12.00$12.00

Is 100k a good salary in Los Angeles?

With $100,000 coming in annually, you truly could live a much more comfortable and even exciting life with less expensive (77% less than Los Angeles) but bigger homes with a big yard, etc. Sure, winter comes along, but the change of seasons is beautiful and the people are much nicer as you live in a safer area.

Is $20 an hour good in California?

In California’s interior you can manage on $20 an hour reasonably well. On the coast it is still pretty much a poverty wage. … It is higher than the Calif minimum wage, which is around $11 right now, and each county decides on a living wage, not the state.

What is the cheapest city to live in California?

The Most Affordable Places To Live In CaliforniaRankCityPopulation1Coalinga16,5382Ridgecrest28,7363Taft9,3074Holtville6,45838 more rows

Why is La 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 land is more expensive than building a house or an apartment.

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 comfortable salary in LA?

Using the 50-30-20 rule for personal budgeting (50 percent of income toward necessary costs like housing and food, 30 percent for “discretionary spending” like entertainment and going out, 20 percent for savings), an Angeleno needs to make $74,371 a year to live “comfortably” in Los Angeles, a study by finance site …

Is La worth visiting?

It is not worth spending a long time here LA is huge and so spread out, so if you really want to explore you need a good few days. Heading out to Venice or Santa Monica needs at least a day, and then you will want to see Hollywood and the Griffith Observatory.

What is a good salary for a single person in California?

We heard that, while $75,000 is a comfortable salary for a single person in San Francisco with four roommates and no loans, it is “not nearly enough” for a young family in Orange County, California, trying to save enough for homeownership and their child’s college education.

What is a livable salary in Los Angeles?

Living Wage Calculation for Los Angeles County, California1 ADULT2 ADULTS (BOTH WORKING)0 Children3 ChildrenLiving Wage$14.83$24.98Poverty Wage$6.00$7.25Minimum Wage$12.00$12.00

Is 70k a good salary in Los Angeles?

Average number of persons per household is listed as 2.8. So $70K is pretty decent for a single person. It’s not great, but with the proper housing arrangement, there should be money left for savings and some fun. 70k is like the average wage for a middleling white collar professional.

What city in California has the most homeless?

At the city level, four of the five cities with the highest rate of unsheltered homelessness are in California: San Francisco, Los Angeles, Santa Rosa and San Jose.

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.