Quick Answer: What Is Middle Class In LA?

Is La cheaper than New York?

While Los Angeles ranks as a bit less expensive than New York City in the majority of the categories, it’s 31% more expensive when it comes to transportation, 16% more expensive for personal care, and 1% more expensive for recreation..

What is the average income in Los Angeles?

$62,474In 2018, Los Angeles, CA had a population of 3.99M people with a median age of 35.8 and a median household income of $62,474. Between 2017 and 2018 the population of Los Angeles, CA declined from 4M to 3.99M, a -0.232% decrease and its median household income grew from $60,197 to $62,474, a 3.78% increase.

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.

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 is considered low income in LA?

The 2010 median family income for Los Angeles County was determined by HUD to be $63,000. 1) Low-Income Families are defined as families whose incomes do not exceed 80 percent of the median family income. 2) Very Low-Income families do not exceed 50 percent of the median family income.

What salary do you need to live comfortably in LA?

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.

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 100k a good salary in LA?

$100,000 is still a great salary. But you have a small family as well. Daycare is astronomical in Southern California. If you don’t need that, you’ll still be paying for some school costs, sports for the kids, etc.

What income is middle class in California?

US Household Income by TierLocationAlabamaLocationCaliforniaLower Income$24,380.00Middle Income$77,806.00Upper Income$190,923.0044 more rows•Nov 20, 2019

What is America’s middle class 2020?

The median income of the middle class by by household size: Household of one: $26,093 to $78,281. Household of two: $36,902 to $110,706. Household of three: $45,195 to $135,586.

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 120k a good salary in California?

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 of living make $120,000 look almost average — even though it’s more than double the US median household income.