Question: Can I Move To LA With No Money?

Is it possible to move out with no money?

You can’t afford anything without income, and many, if not most landlords and management companies want to see proof of income before letting you rent.

If you have a steady income and are ready to strike out on your own, then you’ll need to find a place that fits within your budget..

What salary do you need to live in LA?

Using the 50-30-20 rule for personal budgeting (50 percent of income toward necessary costs like housing and food, 30 percent for “discretionary spending” like entertainment and going out, 20 percent for savings), an Angeleno needs to make $74,371 a year to live “comfortably” in Los Angeles, a study by finance site …

Can you live in LA on 40000 a year?

A 40k salary won’t get you very far in a pricey city like LA. Buying a house is probably out of the question, unless you want some house in really bad condition that you are willing to put a lot of time into renovating. Probably you would be better off renting a studio or 1 bedroom.

How can I move to LA on a budget?

Here are some moving tips, for those stubborn visionaries who want to relocate to Los Angeles on a budget.Get ready to pay for your car.Consider public transit.Seriously, consider public transit.Move to East Hollywood.Bring your old clothes and furniture.Ship your belongings.Network, network, network.More items…•

Can you live in LA on minimum wage?

NO!!! Originally Answered: Can you live in Los Angeles on minimum wage? Only if you are living with several other people such as relatives. You cannot live by yourself on minimum wage unless you are homeless.

Is LA more expensive than New York?

Conclusion: Overall, LA Wins That’s a different story than calling LA “cheaper” than New York. They’re both expensive cities with a higher cost of living than most other places in the US, but what you can get for your money on the West Coast is simply more than the East Coast alternative.

Is it better to live in LA or NYC?

In terms of salaries, NYC has more high-paying jobs, but the cost of living is much higher compared to LA. Verdict: It depends on your situation. If you’re in tech LA might be better, while if you’re an investment banker, NYC would be the logical choice.

Whats the cheapest rent in LA?

Here Are the 5 Cheapest Rental Neighborhoods in L.A.North Hills.San Pedro.Tarzana.Congress West and Crenshaw.South Los Angeles.

How much money should you save before moving to LA?

Conclusion. To summarize, if you’re moving to Los Angeles, here are your benchmark savings goals: If you see yourself as conservative with money, or you’re risk-averse, minimum savings: $10,000. If you’ve traveled before and are used to living out of your comfort zone, minimum savings: $5,000.

Is LA or NYC more dangerous?

Taken head-to-head, L.A. has a higher murder rate than New York (seven homicides per 100,000 people versus four) and experiences more robberies and burglaries — in the latter case, nearly twice as many.

Where should I not live in Los Angeles?

Here are the 10 worst neighborhoods in Los Angeles according to data:Fashion District.Wholesale District-Skid Row.Downtown.West Adams.Watts.Central City East.Southeast Los Angeles.Hyde Park.More items…

Is 100k a good salary in LA?

If you’re looking in the Los Angeles area, it gets expensive pretty quick. … So many people in L.A. are house poor. Then you take into account a couple of cars, the higher insurance rates, etc. $100,000 is still a great salary.

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 it cheaper to live in LA or 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. … New York City, the most expensive city in the US.

What is the cheapest area in Los Angeles to live?

The most inexpensive neighborhoods to live in Los AngelesFashion District. Fashion District is located in the downtown of Los Angeles. … Panorama City. Panorama City is one of the suburban neighborhoods in Los Angeles city. … Lakeview Terrace. Lakeview Terrace has a residential population of 14,460. … Carson. … Norwalk. … Baldwin Park. … Lancaster. … Crenshaw.More items…•