Quick Answer: what is the cost of living in new york as compared to los angeles?

Is it more expensive to live in LA or NYC?

In general, the cost of living in NYC is 129% higher than the national average and the cost of living in LA is 43% higher than the national average. 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.

What salary do you need to live comfortably in NYC?

To live a comfortable and satisfying lifestyle in New York, even when you have roommates splitting the cost, a yearly income of $50,000 or more is ideal.

Is La richer than NYC?

New York City’s total wealth amounted to US$3 trillion, according to New World Wealth. Three other U.S. cities also made it to the top 20: Los Angeles (US$1.4 trillion), Chicago (US$980 billion), and Houston (US$880 billion).

How much money 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.

Is La safer than NYC?

Based on the most recent FBI data that ranks U.S. cities by their violent crime rate, Los Angeles ranks 35th (similar to Orlando) while New York ranks 62nd (similar to Colorado Springs). Obviously, both are pretty safe. In L.A., only 0.7% of residents will become a victim.

Why is LA better than New York?

With beaches, great weather, proximity to Las Vegas and other great benefits, LA is without a doubt the best coast. In LA, we have beaches surrounding the city. From Malibu all the way to Manhattan Beach, we have miles and miles of pristine coastal landscapes that are available because of the weather year-round.

Can you live in NYC on 40k?

Yes you can, you won’t live the life of luxury and you won’t be living on the island, but you can work and live in the five boroughs of NYC on that salary. My first job wasn’t much more than 40k and it was hourly non salary pay without benefits.

Can you live in NYC on 50k a year?

“I definitely think you can live comfortably on a salary of $50,000, even in New York City,” says Haskins. “It’s an expensive city, but I think if you know where your money is going and you recognize what your priorities are, it’s totally doable.”

Is 80k a good salary in NYC?

You can do quite well in NYC with 80k/year depending. You can do quite well in NYC with 80k/year depending. If you’re sharing an apartment you’ll have a lot more buying power, but 80k won’t put you in the lap of luxury.

How can I live cheap in NYC?

10 Tips to Live on the Cheap in NYC

  1. Secure a no-fee or rent-stabilized apartment. Your current apartment might be market rate, or you may even be subletting temporarily.
  2. Say “No” to taxis.
  3. Think Free.
  4. Bring back the coupons.
  5. Booze it on the cheap.
  6. Trek.
  7. Thrift it.
  8. Forgo the land line and cable.

Do more celebrities live in NYC or LA?

While LA certainly has its share, NYC probably has more celebrities than any place on earth. You make a good point, but to say it’s not even debatable between NYC and LA is a slight exaggeration. CA’s a desirable state. LA also attracts wealthy folks who aren’t just Movie Stars.

What is the cheapest place to live in New York?

The 5 Most Affordable Places to Live In New York City

  • Inwood. Our first pick is located in Manhattan, if you can believe that.
  • Windsor Terrace. This quiet residential neighborhood is located on the south edge of Prospect Park, in Brooklyn.
  • Riverdale.
  • Forest Hills.
  • Roosevelt Island.

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What is the richest part of LA?

The richest neighborhoods in Los Angeles

  • 90077 (Bel Air/Beverly Glen)
  • 90274 (Palos Verdes Estates)
  • 91108 (San Marino)
  • 90272 (Pacific Palisades/Rustic Canyon)
  • 91011 (La Cañada Flintridge)
  • 90210 (Beverly Hills)
  • 91302 (Hidden Hills/Calabasas)
  • 91436 (Encino)

What is middle class income in LA?

An annual income of between two and seven times the California Poverty Measure is considered middle class, Ms. Bohn said. Therefore, she estimates a middle class income in Los Angeles County for a family of four that rents a home to be between $65,030 and $227,605.

Is 70k a good salary in Los Angeles?

70k will afford you a nice 1br apartment in a decent part of town at the least. if you’re working in the 90028 zip code, i would consider somewhere like los feliz. You can definitely make it out here on that. Some people seem to think you have to make an enormous amount of money to survive out here.

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