What Is A Good Salary In LA?

Can you live in LA on 60000 a year?

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..

What percentage of Americans make over 100k?

Percentage distribution of household income in the U.S. in 2019Annual household income in U.S. dollarsPercentage of U.S. households75,000 to 99,99912.3%100,000 to 149,99915.5%150,000 to 199,9998.3%200,000 and over10.3%5 more rows•Nov 5, 2020

What is the average cost of living in Los Angeles?

4845 San Feliciano DrCOST OF LIVINGLos AngelesCaliforniaHousing298.2239.1Median Home Cost$689,500$552,800Utilities93.7102.4Transportation165.3133.14 more rows

Is 80k a good salary in Los Angeles?

Yes, it absolutely is. Of course, everything depends on you—do you have student loans, credit card debt, do you need to buy a car, do you want the best of everything? But millions of people live decent, normal lives in Los Angeles in that salary or less.

Is La cheap to live?

It’s not your imagination: The cost of living in Los Angeles is about 48% higher than the national average. … That said, living in Los Angeles on a budget IS possible, if you’re diligent and willing to take the time to learn how.

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.

Where can I live for $500 a month?

5 Places to Retire for Under $500 per MonthLeon, Nicaragua. Nicaragua has suffered serious bad press as a result of its troubled past and current President. … Medellin, Colombia. … Las Tablas, Panama. … Chiang Mai, Thailand. … Languedoc-Roussillon, France. … Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group.

What is considered low income in Los Angeles?

The 2010 median family income for Los Angeles County was determined by HUD to be $63,000. 1) Low-Income Families are defined as families whose incomes do not exceed 80 percent of the median family income. 2) Very Low-Income families do not exceed 50 percent of the median family income.

Is 200k a good salary in Los Angeles?

$200k is plenty if you’re single and not over extending yourself. Married, with kids? $200k gets eaten up quick. Yes, but with an income rising to $500k within 5 years you can live very well even supporting a family in LA.

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.

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 500k a year rich?

With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $470,000 a year in 2020 is considered a top 1% income earner.