Question: How Much Do You Need To Live Comfortably In LA?

How much do you need to live comfortably 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..

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.

Is 90k a good salary in Los Angeles?

It depends on your meaning of a “decent life” as the California is considered to be expensive in cost of living and Los Angeles rents are has expensive real estate and even rents are high. However 90k should be adequate for a reasonable living.

What is a good salary in Los Angeles 2020?

A person working in Los Angeles typically earns around 115,000 USD per year. Salaries range from 29,000 USD (lowest average) to 512,000 USD (highest average, actual maximum salary is higher). This is the average yearly salary including housing, transport, and other benefits.

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 100k a good salary in LA?

If you’re looking in the Los Angeles area, it gets expensive pretty quick. … 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 I afford to live in LA?

This guideline says that the household income must be at least 40 times the monthly rent. For example: we found that the median rent for a two-bedroom in Los Angeles is $2,480 per month, and will require $99,200 ($2,480 x 40) to secure. That’s about 168% of the LA median household income.

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

What salary is middle class in California?

US Household Income by TierLocationMiddle Income2Alaska$84,015.003Arizona$76,860.004Arkansas$76,569.005California$77,806.006 more rows

Is 200k a good salary in Los Angeles?

$200k is plenty if you’re single and not over extending yourself. Married, with kids? $200k gets eaten up quick. Yes, but with an income rising to $500k within 5 years you can live very well even supporting a family in LA.

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.

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