According to a new study, here's how much it costs to live comfortably as a single person in LA.
According to the study, a Los Angeles resident without children would need to make $76,710 after taxes to live comfortably., which uses the cost of housing, food, transportation, medical care and more.In order to determine a "comfortable" lifestyle the study used the 50/30/20 rule, which requires 50% of after-tax income to go to needs, 30% to go to wants and 20% for savings or debt payments.
While Los Angeles made the top 10 at No. 6, somehow, it did not make the top five highest salaries needed for a single person – and was outranked by two other metro areas in California. Meanwhile, theThe study shows single residents in the San Francisco Bay Area need an $84,026 post-tax salary to live comfortably, and in San Diego, a $79,324 salary is needed.
While some residents are opting to leave the Golden State for cities in Arizona and Texas, several of those cities made the top 25 list as well. Salary After Taxes Needed to Live Comfortably in the 25 Largest Metro AreasBoston-Cambridge-Newton, MA-NH
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's how much it costs to live comfortably in Los Angeles in 2023According to a new study, here's how much it costs to live comfortably as a single person in LA.
Read more »
Los Angeles harbor commission appointments begin to roll inFormer U.S. Rep. Lucille Roybal-Allard is one of the first two people who LA Mayor Karen Bass has tapped for harbor commission appointments.
Read more »
Three inmates died in Los Angeles County jails in just over a weekThe deaths come as the county faces scrutiny in court for its chronically poor jail conditions and its reliance on cash bail to keep people behind bars.
Read more »
Brad Pitt Sells Los Angeles Home for Nearly $40 Million (Exclusive)Brad Pitt has officially sold his Los Angeles home for roughly $40 million.
Read more »
LAPD data shows homicides decreased during 2022 in Los AngelesLAPD Chief Michel Moore said homicides fell by 5% in 2022.
Read more »
Some things to consider in the Los Angeles Council District 6 raceOpinion: Some things to consider in the Los Angeles Council District 6 race
Read more »