Is it expensive to live in West Hollywood?

Is it expensive to live in West Hollywood?

Like the rest of LA, it’s not cheap living in West Hollywood. The median gross rent here in 2016 was about $1,500 per month. Transportation costs in West Hollywood are 26% more expensive than the national average, though only 1% more expensive than the California average.

How much do you need to make 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 100k a good salary in Los Angeles?

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.

Should I move to LA or New York?

LA has better weather, and really does offer just about everything NYC does at a slightly lower price. The only downside is that LA’s public transit isn’t as good as NYC’s and it isn’t as walkable, but even this is starting to improve. I was born in New York City.

Can I afford to live in LA?

This guideline says that the household income must be at least 40 times the monthly rent. For example: we found that the median rent for a two-bedroom in Los Angeles is $2,480 per month, and will require $99,200 ($2,480 x 40) to secure. That’s about 168% of the LA median household income.

What is a good salary in LA?

They calculated an annual income of $74,371 was about right for the average person to live comfortably in Los Angeles.

Can you live off 50k a year in Los Angeles?

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.

Can you live in LA on 30000 a year?

As a single person, it is still very possible for someone to live in California on $30-35k /yr. As a married person on single income, it may be a little more difficult. That person still has to take into account their other expenses, like if they have credit cards and loans to pay off.

What are the worst cities in California?

The following California cities considered in this study are the most dangerous when comparing total crime rate per 100,000 residents:

• Oakland.
• Stockton.
• San Bernardino.
• Compton.
• Modesto.
• Richmond.
• Vallejo.
• Santa Cruz.