Is 120k A Good Salary In Los Angeles

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Is 120k A Good Salary In Los Angeles What is a good decent salary for L A Moving For a bit of context I m a fresh graduate from the midwest just turned 22 a few weeks ago and my girlfriend and I have been thinking of moving to L A for a while and since I might be getting a job there we thought why not

According to the study a Los Angeles resident without children would need to make 76 710 after taxes to live comfortably The study is based on the MIT Living Wage Calculator which uses the All combined pre tax income of 400k is upper middle class 1m a year is wealthy Edit also found this info that s interesting to read The 2021 median family income for Los Angeles County is determined by HUD to be 80 000 2020 calculator using 2018 data middle class for 1 person household is 32 794 to 98 380

Is 120k A Good Salary In Los Angeles

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Is 120k A Good Salary In Los Angeles
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Living in Los Angeles with a 120k Salary Hi New to this sub I ve recently received an offer from an LA based company that pays 120k a year plus benefits health 401k bonuses etc I m married and my wife doesn t work I m wondering if it would be enough to live comfortably Living in Los Angeles with a 120k Salary Hi New to this sub I ve recently received an offer from an LA based company that pays 120k a year plus benefits health 401k bonuses etc I m married and my wife doesn t work I m wondering if it would be enough to live comfortably

An annual salary of 120 000 would sound like a pretty good deal anywhere around the world But that may not always be the case in Silicon Valley where soaring rent prices and its brutal cost You ll need to earn well over 100 000 to live comfortably 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

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I work 120+ hours a week, and make 120k a year as a minimum wage worker. I can also talk about the working climate as well. (Proof in comments : r/casualiama
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However the median household income in 2020 was 65 521 As Business Insider reported the percentage of Americans who felt very financially healthy dropped from 48 percent in the first quarter See how far your salary will go to maintain your standard of living using our Cost of Living Calculator Best auto loans for good and bad credit Los Angeles Long Beach Comparable Income

But when I was making 95k I was living comfortable in the same 1br for about back then 1325 and now 1550 Had a car note that s was about 290 fuel 200 1 hr 11 mile commute 400 at current fuel prices insurance car and renters 200 internet 50 and utilities only pay electric 140 paid every two months The California Salary Comparison Calculator is a good calculator for comparing salaries when you are actively looking for a new job if you would like to compare your current salary to your new salary after a pay raise or compare salaries when looking at a new employment contract maybe you are an expat reviewing different salaries overseas and

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Is 120k A Good Salary In Los Angeles - Living in Los Angeles with a 120k Salary Hi New to this sub I ve recently received an offer from an LA based company that pays 120k a year plus benefits health 401k bonuses etc I m married and my wife doesn t work I m wondering if it would be enough to live comfortably