Are you a new grad and wondering whether 150k is a good salary in Los Angeles (LA) or if $60,000 is enough to pay the rent in NYC for three people? We’re putting together what we think is an awesome guide on starting salaries for both college grads and experienced professionals. The chart shows the median salary by city, job title and its national average counterpart. It also takes into account the cost of living in each SF city to give you a more accurate picture of how much money you can make once the company subtacts for your cost of living.
Yes, 150k is a good salary in Los Angeles.
According to the Bureau of Labor Statistics, the median weekly salary for a chief executive officer (CEO) in California is $2,300. Assuming you work 40 hours per week and 52 weeks per year, that equates to an annual salary of $150,000.
While this may seem like a lot of money, it’s important to keep in mind that many CEOs also have stock options or equity in their companies—which can make up for the difference between what they make and what someone else might make doing the same job elsewhere. In addition, the cost of living in California is higher than other parts of the country; this makes it more difficult to save money without making sacrifices like living with roommates or cutting back on discretionary spending.
There are many other factors that influence how much people make each year in California: education level (college graduates tend to make more than those who didn’t finish high school); gender (women earn less than men); race/ethnicity (blacks earn less than whites); occupation type (those working in management positions generally earn more).
Is 150k a good salary in los angeles
Introduction
So you’re considering a move to Los Angeles, and you’ve heard that $150K is a good salary to make it there? In this article, we’ll explore whether or not that’s true. We’ll take into account several different factors:
Are you asking if 150k is enough to live on?
When you ask the question, “Can I make 150k a year in Los Angeles?” it’s important to understand that this is not a yes-or-no answer. In fact, there are many factors that go into salary negotiations and compensation packages during the hiring process, so before we can say whether or not you’ll be able to live comfortably at this income level in Southern California, let’s take a look at some of the different scenarios for how much money you might expect to earn if you get hired by one company over another.
No, it is not.
$150,000 a year is not a lot of money. You can live on it in Los Angeles, but you will have to live in a tiny apartment or commute far to work. The cost of living here is high, and taxes are even higher. You would be better off with a job that pays less than $150k because then you could go out more, buy nice clothes and shoes, eat dinner out once every week or two without feeling guilty about overspending your budget (or at least eating whatever you want), and still save for retirement after taxes.
If you’re earning $150k per year in Los Angeles and don’t feel like the money is enough for the lifestyle that feels right for you then perhaps consider moving somewhere else where the cost of living is lower (and maybe take some classes at community college while there).
Even if you can make it on that money, your life will be very uncomfortable. If you live in a studio apartment and sleep on a sofa, then maybe you can do it.
Yes, you can make it on 150k in Los Angeles. But doing so would be a very poor life decision.
First off, what does “make it” mean? It means being able to afford your rent (in L.A., that’s around $2k+), utilities and food. That leaves about $3-4k for everything else: transportation, entertainment and clothing/other discretionary spending. And even if you do all of this without a car (which is difficult) or eat solely at home (which is also difficult), there will still be things like haircuts, laundry service or plumbers — things that cost money but aren’t necessary for survival — that will come up every month and take their toll on the budget. If you live in a studio apartment without any roommates and sleep on a sofa bed every night instead of buying furniture…then maybe yes! But otherwise no thanks!
If you need more space or need to fly back and forth between here and the Philippines every few months, no way.
If you can’t afford to live in Los Angeles without working, then no. If you need more space or need to fly back and forth between here and the Philippines every few months, no way.
You should be able to rent a nice apartment, eat out once in a while, and enjoy the city on 150k per year. If not, then you have bigger problems than where your next paycheck will come from.
150k will make life hard in LA
In Los Angeles, 150k is not enough to live a comfortable life. You should plan on making at least 200k per year in order to be able to afford a decent apartment, car, food and other necessities without having to spend too much time thinking about money.
The average salary for a software engineer in Los Angeles is around 100k and this will allow you to live comfortably if you are single and have no dependents. If you want more than just the basic necessities though then your salary needs to be higher than this figure.
Conclusion
In conclusion, the answer to the question of what a good salary is in Los Angeles depends entirely on your lifestyle. If you’re planning on buying a house, you will need to make at least $150K per year. If not, then any amount of money could be considered good enough (as long as it covers your bills).
