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
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