What Is A Good Salary In LA?

Is 120k a good salary in California?

An annual salary of $120,000 would sound like a pretty good deal anywhere around the world.

But that may not always be the case in Silicon Valley, where soaring rent prices and its brutal cost of living make $120,000 look almost average — even though it’s more than double the US median household income..

Can I live in LA on 30000 a year?

As a single person, it is still very possible for someone to live in California on $30-35k /yr. … That person still has to take into account their other expenses, like if they have credit cards and loans to pay off. But if you are talking living expenses like rent, utilities, groceries, etc.

Is 200k a good salary in Los Angeles?

So 200K would be just a fair salary in L.A. definitely not a good salary. Now if the 200K comes with a nice annual bonus plan, then that could help but the bonus would have to be at least 50K to 75K. Not if most people are earning $300,000 in L.A.

Can you live in LA on minimum wage?

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

Is moving to LA a good idea?

It’s a great place to raise kids. People will try to tell you that LA’s fine while you’re single but impossible once you want to have children. While certain aspects of LA life might become more of a challenge—and more expensive—with little ones, LA really is a wonderful place for families.

Is La expensive to live in?

Living in Los Angeles as a professional usually means eschewing the roommate lifestyle and having a car to commute to work. These two changes alone make the city far more expensive than it is for a student. As previously stated, the city’s average rent is around $2,100 and utilities average $127.

What is a livable salary in California?

Living Wage Calculation for California1 ADULT2 ADULTS (BOTH WORKING)0 Children0 ChildrenLiving Wage$14.99$11.64Poverty Wage$6.00$4.06Minimum 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 is considered low income in Los Angeles?

In Los Angeles County, the very low-income category applies to those earning between $33,950 (for an individual) and $64,000 (for a family of eight). Extremely-low income describes those making between $20,350 (individual) and $42,380 (family of eight).

Where should I not live in Los Angeles?

Here are the 10 worst neighborhoods in Los Angeles according to data:Fashion District.Wholesale District-Skid Row.Downtown.West Adams.Watts.Central City East.Southeast Los Angeles.Hyde Park.More items…

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.

Why is LA so expensive?

When the demand for something is high, prices rise. There is plenty of demand to live in Los Angeles. As a result, everything including rent, food, gas, and utilities is expensive. When considering a move to LA, the first order of business is understanding how much money it is going to take to pay the bills.

How much is 70k an hour?

$70,000 a year is how much per hour? If you make $70,000 per year, your hourly salary would be $35.90. 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.

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.

What is the average cost of living in Los Angeles?

3019 Dorchester AveCOST OF LIVINGLos AngelesCaliforniaHousing298.2239.1Median Home Cost$689,500$552,800Utilities93.7102.4Transportation165.3133.14 more rows

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 California on minimum wage?

It is very hard to live on minimum wage in California in the cities. And work is hard to find in the small towns away from the big cities. One way or another, you will make big compromises to pull it off. But you want not only to exist from day to day but make progress in your life toward some long-term goals.

How much do u need to make to live 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 …

What percentage of Americans make over 100k?

One half, 49.98%, of all income in the US was earned by households with an income over $100,000, the top twenty percent.

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.