Question: Can You Live In LA On 40000 A Year?

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..

Is 60k a good salary in California?

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.

How much does a single person need to make to live comfortably?

This popular general budgeting rule allocates 50% of annual income to necessities like housing, 30% to discretionary expenses like travel, and the remaining 20% to savings. The median necessary living wage across the entire US is $67,690.

What does 15 dollars an hour annually?

$15 an hour is how much per year? If you make $15 per hour, your Yearly salary would be $29,250. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.

Which is the cheapest place to live in California?

Here are the 5 most affordable cities in California:Oxnard.Ventura.Simi Valley.Vacaville.Camarillo.

Is 50k a year good 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.

Is 40k a year middle class?

Standard Definition $25,000-$100,000 a year is what most would consider as a middle class income.

How much is 50k a year hourly?

In this case, you can quickly compute the hourly wage by dividing the annual salary by 2000. Your yearly salary of $50,000 is then equivalent to an average hourly wage of $25 per hour.

How can I make 100k a year from home?

Let’s dive in and teach how to make 100k a year from home!Teach Online. Taking virtual classes is one of the most potent ways to make 100k a year online. … Create a Blog. … Become a Business SEO Consultant. … Sell Photos Online. … Consider Dropshipping. … Write a Book. … Consider YouTubing. … Take Up Stock Trading/Investing.More items…•

What is a livable salary in Los Angeles?

Living Wage Calculation for Los Angeles County, California1 ADULT2 ADULTS (1 WORKING)0 Children1 ChildLiving Wage$14.83$29.38Poverty Wage$6.00$10.25Minimum Wage$12.00$12.00

Is 40k a year a good salary for a single person?

21k+ is a very good salary, 40k is excellent. If you’re in a typical household with two people and two kids, earning 18-21k, then you are able to live comfortably – so 40k from two earners would give you a very nice lifestyle. If you’re single and earning 21k+ then you can live very comfortably.

Can you live in LA on 50000 a year?

You can live on 50k in a decent area. It’s just that you’ll have an old, small apartment and you won’t have much discretionary income to enjoy certain amenities.

Can you live in LA on minimum wage?

Originally Answered: Can you live in LA on minimum wage? You can, but the only people who do that don’t speak English and they have so many roommates, they may be hot bunking. If you are over about 22, you shouldn’t be making minimum wage.

Can I afford a house on 40k a year?

Take a homebuyer who makes $40,000 a year. The maximum amount for monthly mortgage-related payments at 28% of gross income is $933. ($40,000 times 0.28 equals $11,200, and $11,200 divided by 12 months equals $933.33.)

How much is 35000 hourly?

In this case, you can quickly compute the hourly wage by dividing the annual salary by 2000. Your yearly salary of $35,000 is then equivalent to an average hourly wage of $17.50 per hour.

Can you live comfortably on 40k a year?

It may feel like a struggle, but it doesn’t have to be. The median income for individuals in the United States is $33,706 as of 2018. This means that at $40,000, you’re making more money than over half of Americans, which might suggest that $40,000 is plenty to live comfortably.

What is a good salary in LA?

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.

What is a high salary in California?

Table 1. Top 100 highest-paying jobs in California (2019 survey)RankJob DescriptionAverage Salary i1Airline Pilots, Copilots, and Flight Engineers$204,7602Family Medicine Physicians$201,9503Judges, Magistrate Judges, and Magistrates$200,1504General Internal Medicine Physicians$199,98094 more rows