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

How much money do you need to live comfortably in Southern California?

A family of four in the two-county region would need to earn $6,528 a month, or $78,336 a year, to meet its living expenses.

For a family of two adults, the annual earning target would be $49,078 and the monthly outlay for housing, food and other necessities is estimated at $4,090..

How much money 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 95k a good salary in California?

95K USD is a pretty standard salary for an IT guy (not manager/exec level) in Silicon Valley. You’ll manage OK on it. Your main question aas to day to day living is too general to answer (and you could find out current rents etc from many websites).

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.

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. It is very possible to live in SoCal for $40k a year, a lot of my cousins do and make less that that.

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 a livable salary in California?

A single person in California needs to earn, on average, about $12.30/hour working full time to cover basic living expenses. Add a kid to the mix, and that rate rises sharply to more than $25/hour. That’s according to the Living Wage Calculator created by Amy K.

What is the cheapest city to live in California?

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

Is 90000 a good salary in California?

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.

Is California more expensive than New York?

The cost of living in New York, NY is 27.9% higher than in Los Angeles, CA.

Is it cheaper to live in California or Texas?

Cost of Living in California In all areas, California was more expensive than Texas. The average single adult could expect to eat with $3,573 a year in California versus $2,994 in Texas. … Housing costs are an impressive 59.1% higher in the Golden State than in the Lone Star State.

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.

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.

What is the most dangerous city in California?

Top 10 Most Dangerous California CitiesEmeryville. Emeryville is the number one most dangerous city in California. … Oakland. Oakland, California, ranks as the second most dangerous city. … Commerce. Commerce is the third most dangerous city in California. … Red Bluff. … Barstow. … West Hollywood.

How can I make 100k a year from home?

Keep reading because I’ve rounded up 10 of my favorite work-at-home opportunities that pay up to 100k/year.Teach English Online. Teaching English online is an excellent work-from-home job. … 2. Facebook Ads Side Hustle. … Flea Market Flipper. … Blogging. … Scopist. … Transcriptionist. … Bookkeeper. … Virtual Assistant.More items…•

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.

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

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.

What is the most affordable city to live in Southern California?

#1 OXNARD. Oxnard, a beach city in Ventura County with 200,000 residents, is located 60 miles from Los Angeles and 38 miles from Santa Barbara. Why It is Cheap? Even though the city has a sizable population, prices have remained affordable when compared to other places in Southern California.

Can you live in LA on minimum wage?

Originally Answered: Can you live in LA on minimum wage? You can, but the only people who do that don’t speak English and they have so many roommates, they may be hot bunking. If you are over about 22, you shouldn’t be making minimum wage.

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.