The Bottom Line
After considering all these factors, it seems the real cost of moving to Los Angeles would range somewhere between $3,000 the first month (if you’re moving from a nearby city, looking to stay with friends, or planning a minimalist lifestyle) to upwards of $10,000 (if you want to live lavishly).
What salary do you need to live comfortably 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.
Can you move to LA without a job?
You can but you’ll have to either have savings to rent a place that doesn’t have income requirements, Airbnb in a hostel (you can for 17-20 a night in Korea town), live in your car, or find a nonprofit program that will give you shelter while you find a job.
Is it more expensive to live in NYC or LA?
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.
Is La dangerous?
Like any big city, Los Angeles has safe areas as well as dangerous parts. … In one ranking, Los Angeles clocked in as the world’s 123rd most crime-ridden city, with a score of 48.61 (for comparison, San Pedro Sula, Honduras, ranked first, with a score of 85.18).
What salary do you need to live in LA?
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.
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?
The minimum wage in Los Angeles is nearly unlivable, if not impossible to live upon. This breaks down the cost of living in Los Angeles versus the minimum wage.
Can you live in LA on 50000 a year?
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.
Is it hard to move to LA?
If you are wondering how to move to Los Angeles, you will be happy to know that it is pretty easy. Housing options are plentiful, activities abound, and it can be relatively easy to find a job. … As the 10th most expensive city in the world, LA residents often spend over 50% of their monthly income on rent alone.
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!
Why do people move to LA?
The weather is one of the main reasons why people move to Los Angeles. … Los Angle has a more even temperature between Winter and Summer. The lure of the Hollywood Entertainment Industry is another reason many come to Los Angeles. Work opportunity is another reason that people have come to Los Angeles.
What salary do you need to live in NYC?
To live a comfortable and satisfying lifestyle in New York, even when you have roommates splitting the cost, a yearly income of $50,000 or more is ideal.
Is LA more expensive than London?
The average cost of living in Los Angeles is comparable to London. British expatriates may even find it a little cheaper than the UK capital. However, it is still among the more expensive places in the world to live. … Rental prices are fairly similar, but groceries are quite a bit higher in Los Angeles.
What is the ghetto part of Los Angeles?
The most impacted neighborhoods being south of 3rd Street, north of 7th Street, west of Alameda St and east of Main St. You are sure to be mixed with pickpockets or mugged of cash in these sections. Now, is Downtown LA dangerous at night?
Is LA safe at night?
It’s relatively safe, but just be careful at night. Overall, public transport in Los Angeles is pretty safe. Just BE AWARE of your surroundings.
Is 100k a good salary in California?
It’s a good annual income for an individual, absolutely. It’s even a fairly good household income. Carefully managed, it would over time afford a person an “average”(average selling price) home in Los Angeles county, assuming you had the discipline to save a nominal down payment.
Can I wear red in LA?
Generally speaking, don’t wear red in almost ANY area of the city’s areas that has a gang presence (all the Mexican gangs [especially those affiliated with the Mexican Mafia/Surenos] and the Crips rep blue [hence why you see many cholos wearing Dodgers gear], and their arch-enemies typically wear red) .
Can I live in LA without a car?
Yes, you can thrive in LA without a car! In the last year, Metro expanded public buses and trains to reach outlying areas, such as Long Beach and Arcadia, and by this time next year, you’ll be able to ride a train all the way from downtown LA to the Santa Monica Pier! (there’s already a bus that’ll take you to Malibu.)
Is California better than Florida?
It is better to live in Florida despite California’s better economy. Both states offer a lot of sunshine, and their residents enjoy a laid-back lifestyle compared to others. In Florida, however, there is no state income tax, and housing costs are lower.
What state pays you $10000 to move there?
Tulsa is on the up-and-up, thanks in part to its Tulsa Remote program, which gives people with a full-time remote job (or those who are self-employed outside of the state) $10,000 in cash and desk space at a local coworking company.