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

Is 100k a lot 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..

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.

What is a good salary in California 2020?

California Average While ZipRecruiter is seeing salaries as high as $133,703 and as low as $20,154, the majority of Average salaries currently range between $48,663 (25th percentile) to $72,749 (75th percentile) with top earners (90th percentile) making $88,479 annually in California.

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 considered low income in California?

2020:Family Size (Persons in Family/Household)Annual Family IncomeHUD Low Income Level 1Federal Poverty Level1$63,100$12,7602$72,100$17,2403$81,100$21,7206 more rows

What is middle class income in California?

US Household Income by TierLocationMiddle Income2Alaska$84,015.003Arizona$76,860.004Arkansas$76,569.005California$77,806.006 more rows•Nov 20, 2019

What is the highest paying job in California?

Detailed List Of Highest Paying Jobs In CaliforniaRankJob TitleAverage Salary1Surgeons, Except Ophthalmologists$248,1002Psychiatrists$236,9303Obstetricians And Gynecologists$236,7304Nurse Anesthetists$227,29088 more rows•May 14, 2020

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?

On the new minimum wage, a household with one adult will make enough to earn a living wage in Los Angeles County.

What is a livable salary in California?

Living Wage Calculation for California1 ADULT0 Children2 ChildrenLiving Wage$14.99$37.46Poverty Wage$6.00$10.25Minimum Wage$12.00$12.00

What salary do you need to live in LA?

Using the 50-30-20 rule for personal budgeting (50 percent of income toward necessary costs like housing and food, 30 percent for “discretionary spending” like entertainment and going out, 20 percent for savings), an Angeleno needs to make $74,371 a year to live “comfortably” in Los Angeles, a study by finance site …

What is the cost of living in California 2020?

According to a 2020 Cost of Living Index, the average city in California has a 38% higher cost of living than the average city in the nation….Housing Costs in California.California CityAverage Home PriceApartment RentBakersfield$330,317$97944 more rows