Is 70k A Good Salary In Los Angeles?

What is a livable salary in Los Angeles?

Living Wage Calculation for Los Angeles County, California1 ADULT2 ADULTS (BOTH WORKING)0 Children3 ChildrenLiving Wage$14.83$24.98Poverty Wage$6.00$7.25Minimum Wage$12.00$12.00.

Can I live in LA on 30000 a year?

As a single person, it is still very possible for someone to live in California on $30-35k /yr. … That person still has to take into account their other expenses, like if they have credit cards and loans to pay off. But if you are talking living expenses like rent, utilities, groceries, etc.

Can you live off 50k a year in Los Angeles?

Can I live on $50,000 a year in California? … Yes, you can survive, but you’re not likely going to be able to buy real estate anywhere you would want to live or that seems like the California you may imagine. In Los Angeles County the line defined as low income for 1 person is actually $50,500 annually as of March 2018.

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.

Why is LA so expensive?

When the demand for something is high, prices rise. There is plenty of demand to live in Los Angeles. As a result, everything including rent, food, gas, and utilities is expensive. … Prices vary wildly depending on where you plant roots.

What is the average income in Los Angeles?

Median and Average Income in Los Angeles County topAverage Household Income$100,585.05Median Household Income$69,150.00People below Poverty Level1,573,385People above Poverty Level8,341,131

What is a good salary for a single person in California?

We heard that, while $75,000 is a comfortable salary for a single person in San Francisco with four roommates and no loans, it is “not nearly enough” for a young family in Orange County, California, trying to save enough for homeownership and their child’s college education.

Is LA a good place to live?

Its location between the coast and mountains helps to produce the perfect climate. If you don’t like extremes, Los Angeles is a great fit for you as the average high temperature is 75 degrees and there’s sun about 300 days a year. Living here, you’ll always find a good reason to get outside and enjoy the sunshine!

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

According to the MIT Living Wage Calculator, an adult with no children in California requires a living wage of $30,392 before taxes. Of that annual income, food expenses account for $3,573, or 11.8%.