Quick Answer: What Is A Comfortable Salary In LA?

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..

Is 500k a year rich?

$500,000 a year or higher is a level which I think is considered rich. Anybody who thinks otherwise has no concept of financial reality. Even the government almost agrees after compromising by raising the income level for when the highest marginal tax bracket kicks in to ~$400,000 from $200,000 back in 2013.

How much is 100k a year hourly?

$100,000 a year is how much per hour? If you make $100,000 per year, your hourly salary would be $50.61. 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 38 hours a week.

Is 100k a good salary in California?

After all, the median income for the American worker in 2019 is about $47,000 a year. But a new report shows that a yearly $100,000 income goes a lot further in some cities than others. And in one city — which happens to be in California — it’s not even enough to pay the bills.

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 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 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 250k a year rich?

A family with a combined income around $250,000 a year may not feel rich. When the international economic world is studied, they are the richest of the rich. The average salary here in the States is still around $50,000. But in America, there is a well-warranted fear about the future status for those earning this much.

Can you live in LA on minimum wage?

On the new minimum wage, a household with one adult will make enough to earn a living wage in Los Angeles County.

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?

A 40k salary won’t get you very far in a pricey city like LA. … Groceries are the one thing that aren’t way overpriced in LA (though it’s expensive still but produce is actually decently priced here). However, you’ll be paying a lot in taxes, car insurance (car is a necessity here), so you’ll have to watch every penny.

What is the richest part of LA?

Here we pinpoint the 8 most expensive neighborhoods in Los Angeles.Malibu Colony Beach (The Colony): $10.65 million. … Beverly Hills Gateway: $10.05 million. … Trousdale: $8.5 million. … Beverly Hills Flats: $7.5 million. … Serra Retreat: $5.5 million. … Carbon Mesa/Carbon Beach: $4.0 million. … North of Montana: $3.9 million.More items…•

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

Is 130k a good salary in Los Angeles?

So , 120 K is not bad ,it all depends on how you spend it. Working in tech in Los Angeles is pretty great. If you are a young person (18–30) in a software engineering role paying you north of $100k, you will be live an incredibly luxurious life depending on how you spend your money.

Is 100k a good salary in LA?

If you’re looking in the Los Angeles area, it gets expensive pretty quick. … So many people in L.A. are house poor. Then you take into account a couple of cars, the higher insurance rates, etc. $100,000 is still a great salary.