Question: Is LA Really That Expensive?

Is LA or NYC more dangerous?

Taken head-to-head, L.A.

has a higher murder rate than New York (seven homicides per 100,000 people versus four) and experiences more robberies and burglaries — in the latter case, nearly twice as many..

Is 70k a good salary in Los Angeles?

At $70k, you can afford to live in slightly more expensive places, like downtown, Santa Monica, Westwood, and so on. The rents are getting above $2,000 per month in those areas. You probably won’t be living in Beverly Hills or Brentwood. It really depends on what you mean by comfortable.

What island is the cheapest to live?

The Dominican Republic is the best island to live on for cheap near the USA. This is a place where happy hour is happy in all senses: you, your friends, and your wallet. Las Terrenas is only three hours away from the capital city, which has all the goods you could ever need and world-class medical facilities.

Is 200k a good salary in Los Angeles?

I believe the median yearly income in LA is something just north of $55K, so at $200K you’d be making several times the median. Obviously there is a lot of poverty in LA, so comparing yourself to an average is only so useful, but it at least makes the point that $200K is more than doable.

Can you live in LA on 60000 a year?

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.

Is La expensive to live in?

Cost of Living in Los Angeles So, how much does it cost to live in L.A.? You’ll find that living in L.A. is more expensive than living in most other U.S. cities (barring perhaps New York or San Francisco), with much of that difference attributed to housing and entertainment costs.

Is LA or NYC more expensive?

As for home buying, the median home price in Los Angeles is $788,384 and in New York City is $1,628,124. While the cost of living in New York City is more expensive than Los Angeles, New Yorkers do earn a slightly higher median household income. The median household income in LA is $54,501 and in NYC is $57,782.

Where can I live for $500 a month?

5 Places to Retire for Under $500 per MonthLeon, Nicaragua. Nicaragua has suffered serious bad press as a result of its troubled past and current President. … Medellin, Colombia. … Las Tablas, Panama. … Chiang Mai, Thailand. … Languedoc-Roussillon, France. … Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group.

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.

Can you live on 500 a month?

You may be able to survive for a year on $500/month in some small area or by rooming with a buddy. However, you run into problems in the long-run if all you have is $500/month. Costs for everything goes up due to inflation. $500 in five years will buy much less than it does now.

Is LA a dirty city?

Los Angeles Poor air quality is the main contributing factor to the City of Angels’ high spot on the list. But they also have plenty of litter and pests, making them an all-around dirty place to live and play.

What salary do you need to live in Los Angeles?

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 of transportation and utilities.

Why is LA so expensive?

The Economics of Los Angeles When the demand for something is high, prices rise. There is plenty of demand to live in Los Angeles. As a result, everything including rent, food, gas, and utilities is expensive. … Prices vary wildly depending on where you plant roots.

What is a good salary in Los Angeles?

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

Is LA better than NYC?

So, which city is better? Of course it’s all subjective, but the chips definitely stack up much higher for Los Angeles. With beaches, great weather, proximity to Las Vegas and other great benefits, LA is without a doubt the best coast.

Is NYC or LA safer?

Overall IMO NYC is much safer, even though it has some really bad neighborhoods. LA’s gang violence is pretty widespread and even though it calmed down a bit lately, its always a threat. The gang issue in LA makes it a much more dangerous place than NYC. And look at both cities’ crime stats side by side.

Can you live in LA on 40000 a year?

As others have said, you can live in LA on 40k a year. Plenty of people do. It will definitely help if you move to the right area and get some friendly roommates.

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.

Can you live in Los Angeles on minimum wage?

Can you live in Los Angeles on a minimum wage? Yes. In fact, you can live there with no money or job – If you’re willing to sleep in a tent downtown, crap in the street, assault people at random, use drugs, and don’t mind waiting for your free hypodermic needles.

Is 100k a good salary in California?

It’s a good annual income for an individual, absolutely. It’s even a fairly good household income. Carefully managed, it would over time afford a person an “average”(average selling price) home in Los Angeles county, assuming you had the discipline to save a nominal down payment.

Can you live on 1k a month?

It surely is possible to survive on 1000 a month, but it won’t happen overnight. Above, we mentioned the first four steps that work in theory but might be harder in practice. Of course, you can’t suddenly stop spending money. Still, you need to know that there are many things you can save on.