Quick Answer: Is It Good To Live In Los Angeles?

Can you live in LA on 50000 a year?

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..

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

Is 60k a good salary in Los Angeles?

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.

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 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.

Where should I not live in Los Angeles?

Here are the 10 worst neighborhoods in Los Angeles according to data:Fashion District.Wholesale District-Skid Row.Downtown.West Adams.Watts.Central City East.Southeast Los Angeles.Hyde Park.More items…

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 …

Is 70k a good salary in Los Angeles?

Average number of persons per household is listed as 2.8. So $70K is pretty decent for a single person. It’s not great, but with the proper housing arrangement, there should be money left for savings and some fun. 70k is like the average wage for a middleling white collar professional.

Is LA a bad place to live?

Essentially, LA is not a horrible place. It is a big city where some people can be really happy, and some people will be miserable. … It is a big city where some people can be really happy, and some people will be miserable. My experience living here has oscillated a lot between these extremes.

Can you live in LA on 40000 a year?

A 40k salary won’t get you very far in a pricey city like LA. Buying a house is probably out of the question, unless you want some house in really bad condition that you are willing to put a lot of time into renovating. Probably you would be better off renting a studio or 1 bedroom.

Is LA safe?

Yes, it has a reputation for being somewhat dangerous but it is also known for being a clean and safe holiday destination. The high crime rates MIGHT alarm you, but in comparison to other big cities in the US, Los Angeles has “the largest decline in crime of any major American city” – according to the FBI.

Why you should live in Los Angeles?

Here are some perhaps obvious and not-so-obvious reasons why you (yes, you) should move to Los Angeles.The Weather. Whatever the meteorological definition of paradise is, that’s LA. … The Cultural Diversity. … It’s a Foodie Heaven. … Art is Everywhere. … The Show Life. … Location, Location, Location. … Great Minds Dwell Here.

Can you live in LA on minimum wage?

NO!!! Originally Answered: Can you live in Los Angeles on minimum wage? Only if you are living with several other people such as relatives. You cannot live by yourself on minimum wage unless you are homeless.

Why are people leaving LA?

More from Los Angeles You hear this time and time again from people. The city feels more dangerous, the homelessness is out of control – on top of high taxes and eye-watering rents, many are considering moving out if they haven’t already.