How Much Money Do I Need To Make To Live In California?

What is a decent salary in California?

The average salary in California is $63,783.

That is the median salary, which is a more accurate picture of average salaries in California than the mean salary.

The mean salary is $91,149..

Is 60k a good salary in California?

Yes, that is only somewhat less than the median household income in California ($71,805 in 2017, per California State Household Income ), so as an individual income it is higher than the median California personal income.

What is the cost of living in California 2020?

Comparison HighlightsCost of Living IndexesLos Angeles, CADavis, CAOverall Index: Homeowner, No Child care, Taxes Not Considered173.3161Food & Groceries104.1110.9Housing (Homeowner)298.2291.1Median Home Cost$689,500$673,00014 more rows

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 state is the cheapest to live in?

MississippiMississippi The cheapest state to live in in the United States is Mississippi. Overall, Mississippi’s average cost of living is about 19% lower than the national average cost of living.

Why is California living so expensive?

Why are California housing costs so high? At its most basic level, it’s a story of supply and demand; lots of people want to live here, and there aren’t enough homes to go around. … More than 20% of Californians pay more than half their income for housing.

What is a good hourly wage in California?

Living Wage Calculation for California1 ADULT2 ADULTS (1 WORKING)0 Children1 ChildLiving Wage$14.99$29.17Poverty Wage$6.00$10.25Minimum Wage$12.00$12.00

How much money do I need to make to live comfortably in California?

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 $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.

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. Some people seem to think you have to make an enormous amount of money to survive out here.

Where is the cheapest city to live in California?

Here are the 5 most affordable cities in California:Oxnard.Ventura.Simi Valley.Vacaville.Camarillo.

Is 80k a good salary in California?

80K for a single person is more than Decent. If you want your money to go further move to the eastbay. I”m assuming after taxes your take home pay is around 5000 per month. You can do just about anything you want with that money since you have no kids etc.

Is 100k a good salary in California?

It’s a good annual income for an individual, absolutely. It’s even a fairly good household income. Carefully managed, it would over time afford a person an “average”(average selling price) home in Los Angeles county, assuming you had the discipline to save a nominal down payment.

What is considered wealthy in California?

“To be rich in California means you’ve really hit the big time,” says GOBankingRates. “California is one of the seven states in the country — eight if you include Washington, D.C. — in which you’ll need at least $250,000 to reach the top 5%.”