Quick Answer: Why Is It Expensive To Live In California?

How much money do you need to live comfortably in California?

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 50k a good salary in California?

So basically speaking, 50K gross is NOT nearly enough in less you find 2 or 3 roommates to share ALL expenses. Now if you can live/work in some of the more remote areas of Calif. some desert and forest areas, you can possibly make it on that amount, but you would have NO extras. … Calif is a very expensive place to live.

Is 120k a good salary in California?

Is 120k a good salary in California? Yes, if you don’t want to buy a house. And better in Northern CA, than in Los Angeles or San Diego.

Is 65k a good salary in California?

65k is plenty of money. That’s a great salary for LA. You’ll have plenty of neighborhoods to choose from.

What is the cheapest place to live in California?

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

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 it a bad idea to move to California?

Moving to California may NOT be a good idea. It may be for great weather, good job prospects, or something else. … One option is to live in a non state income tax state like Nevada for 51% of the time and live in California 49% of the time to avoid paying the tax.

Can I move to LA with no money?

Sure, living in LA (heck, even just visiting LA) can be pricey. But sometimes the best things in life really are free–or close to it. If you’ll be moving to Los Angeles with no money, don’t panic. You don’t have to spend a ton to have a good time in the City of Angels, and here’s the proof.

What is the safest city in California?

DanvilleDanville remains the safest city in California for the third consecutive year, reporting only 16 violent crimes in 2018. All of the safest cities beat both national (3.7) and state (4.5) violent crime rates, and no safest city reported more than three violent crime incidents per 1,000.

Is 60k a year good in California?

California is a big place. It ranges from cities as bankrupt as Stockton to as expensive as San Francisco, breaking all records in the U.S. In many cities like Sacramento, Chico, etc you can have a decent life on $60K. If your job doesn’t depend on your location, you’ll find your Alaska in California..

Is it really that expensive to live in California?

According to a 2020 Cost of Living Index, the average city in California has a 38% higher cost of living than the average city in the nation. Keep in mind, CA is the third largest state in the U.S. after Alaska and Texas—so the cost to live there varies dramatically from city to city.

What is a good salary in California?

The average salary in California is $63,783. That is the median salary, which is a more accurate picture of average salaries in California than the mean salary. The mean salary is $91,149.

What is considered a livable wage in California?

Living Wage Calculation for California1 ADULT0 Children2 ChildrenLiving Wage$14.99$37.46Poverty Wage$6.00$10.25Minimum Wage$12.00$12.00

What is middle class income in California?

US Household Income by TierLocationMiddle Income2Alaska$84,015.003Arizona$76,860.004Arkansas$76,569.005California$77,806.006 more rows•Nov 20, 2019

Is 95k a good salary in California?

Also know, is 95k a good salary in California? 95K USD is a pretty standard salary for an IT guy (not manager/exec level) in Silicon Valley. You’ll manage OK on it. The salary you are talking about is an entry level salary for somebody with little or no experience.