Question: Can You Live In LA On 30000 A Year?

What is a livable salary in Los Angeles

Living Wage Calculation for Los Angeles County, California1 ADULT2 ADULTS (BOTH WORKING)0 Children2 ChildrenLiving Wage$19.35$28.04Poverty Wage$6.13$6.30Minimum Wage$12.00$12.00.

Is 30k a year enough to live on

if your 30k is before taxes, youre looking at roughly 1800-1900 a month. it really depends on where you live in cali but yes you can live on your own. The biggest thing is you have to budget you money well. most financial advisors would suggest your rent be no higher than 50% of your monthly income.

Is 30k a year a good salary

$30,000 a year is good for a single person, but it might be a stretch for a family unless it is one of multiple income streams. However, it can work depending on where you live and how you budget. … If you need to survive on $30,000 a year, it may be accomplished through budgeting and reducing your expenses.

What is a livable salary in California

Living Wage Calculation for California1 ADULT2 ADULTS (1 WORKING)0 Children2 ChildrenLiving Wage$18.66$40.83Poverty Wage$6.13$12.60Minimum Wage$12.00$12.00

Is 70k a good salary in Los Angeles

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.

Where is the cheapest place to rent in LA

Here Are the 5 Cheapest Rental Neighborhoods in L.A.South Los Angeles. The mega-community has long been one of the most affordable in L.A. for buyers and renters. … Congress West and Crenshaw. The Empowerment Congress West Area Neighborhood Council covers the neighborhoods of Crenshaw, Baldwin Hills, Leimert Park and others in the vicinity. … Tarzana. … San Pedro. … North Hills.May 22, 2017

Is 40K a good salary UK

40K is definitely good enough to support yourself, live relatively comfortably. The tax will take quite a good percentage off that which is quite a pain. I guess it won’t be enough to support a family very well if you live in the central London area, or higher investments like buying a house.

How much 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 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 poorest city in California

Orange CoveOrange Cove was ranked the poorest town in California in a 24/7 Wall St. analysis examining small, lower-income communities where households earn much less than the nation’s median annual household income.

Which is the cheapest place to live in California

The 11 Cheapest Places to Live in CaliforniaEureka.Stockton.Clovis.Sacramento.Chico.Fontana.Vacaville.Oxnard.More items…•Aug 8, 2020

What is considered middle class in LA

An annual income of between two and seven times the California Poverty Measure is considered middle class, Ms. Bohn said. Therefore, she estimates a middle class income in Los Angeles County for a family of four that rents a home to be between $65,030 and $227,605.

Is 30k a year middle class

Statisticians say middle class is a household income between $25,000 and $100,000 a year. Anything above $100,000 is deemed “upper middle class”. … Whether you make $30,000 a year or $250,000 a year, I venture to guess the majority will consider ourselves middle class.

How much is 17 dollars an hour annually

40 hours multiplied by 52 weeks is 2,080 working hours in a year. $17 per hour multiplied by 2,080 working hours per year is an annual income of $35,360 per year.

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 is a good salary for a single person in Los Angeles

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.

How much is $15 an hour annually

Assuming you work 40 hours every single week, you would be working 2080 hours per year. A person making $15 an hour would make about $31,200 per year.

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

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.

Is 30k enough to buy a house

30k would be a 20% downpayment for a 150k dollar house. It would cost about 650 month plus RE taxes and insurance costs. You should also save about 2-3% of the home value for closing costs. You can go and get approved for a house loan before you buy a house.

Is $15 an hour a livable wage

A $15 hourly pay scale would more than double the current $7.25 federal minimum wage. It still wouldn’t offer a living wage to low-paid single adults and families in many areas, according to a CNBC analysis of state cost-of-living data.