Can You Live In LA On 30000 A Year?

What is a livable salary in Los Angeles?

Living Wage Calculation for Los Angeles County, California1 ADULT2 ADULTS (BOTH WORKING)0 Children2 ChildrenLiving Wage$19.35$28.04Poverty Wage$6.13$6.30Minimum Wage$12.00$12.00.

Where can I live on 30k a year?

Here’s where you can retire nicely on just $30,000 a year … outside the USPuerto Viejo, Costa Rica. Puerto Viejo in Limon, Costa Rica. … Lagos, Portugal. Praia Dona Ana, Lagos in the Portuguese Algarve. … Akumal, Mexico. The Akumal Caribbean beach in Riviera Maya. … Volcan, Panama. A view of Volcan Baru. … Medellin, Colombia.Nov 28, 2019

Where is the cheapest rent in California?

Below, we’ve shared the eight most affordable places to live in California!Bakersfield.Chico.Clovis.Eureka.Fontana.Oxnard.Redlands.Vacaville.Jan 11, 2019

Is 50K a good salary in California?

So basically speaking, 50K gross is NOT nearly enough in less you find 2 or 3 roommates to share ALL expenses. Now if you can live/work in some of the more remote areas of Calif. some desert and forest areas, you can possibly make it on that amount, but you would have NO extras. … Calif is a very expensive place to live.

What is a decent salary in California?

around 112,000 USD per yearA person working in California typically earns around 112,000 USD per year. Salaries range from 28,200 USD (lowest average) to 498,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.

How do people afford to live in a city?

How to Afford Downtown Living – 5 Creative TipsTip 1: Rent a Storage Unit. Probably the biggest difference between downtown living and suburban living is that space is harder to come by in the city and far more expensive. … Tip 2: Get a Roommate. … Tip 3: Establish a Budget. … Tip 4: Shop Online. … Tip 5: Use Public Transportation.

Is 40K a good salary UK?

40K, in my opinion, is a very average salary in London. … However, for some professions, it could also be on unreachable salary. In 2019, the average salary in London was around £37k. So 40K per year is actually slightly higher than the average 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 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 I retire on 4000 a month?

Retiring on $4,000 a month will give the average American plenty of options for a fulfilling retirement—and leave some room to splurge on the grandkids and travel.

Is $15 an hour a livable wage?

A $15 hourly pay scale would more than double the current $7.25 federal minimum wage. It still wouldn’t offer a living wage to low-paid single adults and families in many areas, according to a CNBC analysis of state cost-of-living data.

Is 30k a year enough to live on?

if your 30k is before taxes, youre looking at roughly 1800-1900 a month. it really depends on where you live in cali but yes you can live on your own. The biggest thing is you have to budget you money well. most financial advisors would suggest your rent be no higher than 50% of your monthly income.

Is 30k a year a good salary?

$30,000 a year is good for a single person, but it might be a stretch for a family unless it is one of multiple income streams. However, it can work depending on where you live and how you budget. … If you need to survive on $30,000 a year, it may be accomplished through budgeting and reducing your expenses.

How much is $15 an hour annually?

Assuming you work 40 hours every single week, you would be working 2080 hours per year. A person making $15 an hour would make about $31,200 per year.

What’s a good 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.

How much money do you need to move to LA?

To summarize, if you’re moving to Los Angeles, here are your benchmark savings goals: If you see yourself as conservative with money, or you’re risk-averse, minimum savings: $10,000. If you’ve traveled before and are used to living out of your comfort zone, minimum savings: $5,000.

How much is 17 dollars an hour annually?

40 hours multiplied by 52 weeks is 2,080 working hours in a year. $17 per hour multiplied by 2,080 working hours per year is an annual income of $35,360 per year.

Can you live in LA on minimum wage?

Can you live in Los Angeles on a minimum wage? Yes. In fact, you can live there with no money or job – If you’re willing to sleep in a tent downtown, crap in the street, assault people at random, use drugs, and don’t mind waiting for your free hypodermic needles.

Is 30k a year middle class?

Statisticians say middle class is a household income between $25,000 and $100,000 a year. Anything above $100,000 is deemed “upper middle class”. … Whether you make $30,000 a year or $250,000 a year, I venture to guess the majority will consider ourselves middle class.

Is 30k enough to buy a house?

30k would be a 20% downpayment for a 150k dollar house. It would cost about 650 month plus RE taxes and insurance costs. You should also save about 2-3% of the home value for closing costs. You can go and get approved for a house loan before you buy a house.

Is making 50k a year good?

Income is, of course, another very important consideration for most people. … “As such, a $50,000 salary would be above the national median and a pretty good salary, of course, dependent on where one lives.” That’s good news for people making an annual salary of $50,000 or higher.

Add a comment