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..
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.
What is a livable salary in LA
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.
Is 100k a good salary in Los Angeles
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.
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.
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.
Is 70k a good salary in Los Angeles
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.
Can you 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. As a married person on single income, it may be a little more difficult. That person still has to take into account their other expenses, like if they have credit cards and loans to pay off.
What is a good salary in LA
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.
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.
What is the richest part of LA
Top 10 Most Expensive Los Angeles NeighborhoodsParadise Cove Bluffs / $82.6M. … Beverly Park / $32.5M. … Holmby Hills / $27.2M. … Serra Retreat / $23.3M. … Bel Air Estates / $18.5M. … Beverly Hills Gateway / $17.5M. … Malibu Colony / $15M. … Brentwood Park / $13.9M.Nov 24, 2020