Question: Why Is La Expensive?

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 the cheapest place to live in LA?

The most inexpensive neighborhoods to live in Los AngelesFashion District. Fashion District is located in the downtown of Los Angeles. … Panorama City. Panorama City is one of the suburban neighborhoods in Los Angeles city. … Lakeview Terrace. Lakeview Terrace has a residential population of 14,460. … Carson. … Norwalk. … Baldwin Park. … Lancaster. … Crenshaw.More items…•

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 200k a good salary in Los Angeles?

I believe the median yearly income in LA is something just north of $55K, so at $200K you’d be making several times the median. Obviously there is a lot of poverty in LA, so comparing yourself to an average is only so useful, but it at least makes the point that $200K is more than doable.

Is it expensive to live in LA?

Cost of Living in Los Angeles So, how much does it cost to live in L.A.? You’ll find that living in L.A. is more expensive than living in most other U.S. cities (barring perhaps New York or San Francisco), with much of that difference attributed to housing and entertainment costs.

Can I afford to live in LA?

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. With $59,134 a family could afford rent of just $1,478 per month; just a handful of LA neighborhoods.

What is a good 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 LA more expensive than New York?

Conclusion: Overall, LA Wins That’s a different story than calling LA “cheaper” than New York. They’re both expensive cities with a higher cost of living than most other places in the US, but what you can get for your money on the West Coast is simply more than the East Coast alternative.

Why is LA better than New York?

With beaches, great weather, proximity to Las Vegas and other great benefits, LA is without a doubt the best coast. In LA, we have beaches surrounding the city. From Malibu all the way to Manhattan Beach, we have miles and miles of pristine coastal landscapes that are available because of the weather year-round.

Is LA a dirty city?

Los Angeles The runner-up for the dirtiest city in the United States is Los Angeles, which will come as no surprise to anyone who has ever laid eyes on the mid-afternoon smog haze on any given day. Poor air quality is the main contributing factor to the City of Angels’ high spot on the list.

Is La safer than NYC?

Taken head-to-head, L.A. has a higher murder rate than New York (seven homicides per 100,000 people versus four) and experiences more robberies and burglaries — in the latter case, nearly twice as many. Perhaps the best qualified individual to compare crime in the cities is Bratton, a former LAPD chief.

Can you live in LA on minimum wage?

Originally Answered: Can you live in Los Angeles on minimum wage? Not even close. You might be able to scrape by making $20 an hour if you have zero bills and only pay rent. But that’s even a stretch.

What’s a good salary in Los Angeles?

They calculated an annual income of $74,371 was about right for the average person to live comfortably in Los Angeles.

Why is LA so expensive?

The topography of Los Angeles makes it costly to build a house than in other places. Also, there is the ocean, and it’s impossible to expand into the ocean. Limited land and other multiple demands raise land prices. … The labor cost is more expensive in L.A. than in other cities in California and the country at large.

What salary do you need to live 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.