How much do you have to make an hour to live in LA?
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How much do you have to make an hour to live in LA?
You need to earn at least $33 an hour — $68,640 a year — to be able to afford the average apartment in Los Angeles County, according to Matt Schwartz, president and chief executive of the California Housing Partnership, which advocates for affordable housing.
Can you survive in LA on minimum wage?
Can you live in Los Angeles on a minimum wage? Yes. In fact, you can live there with no money or job – If you’re willing to sleep in a tent downtown, crap in the street, assault people at random, use drugs, and don’t mind waiting for your free hypodermic needles.
What is a middle class income in Los Angeles?
An annual income of between two and seven times the California Poverty Measure is considered middle class, Ms. Bohn said. Continue reading the main story. 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 $25 dollars an hour good in California?
A single person in California needs to earn, on average, about $12.30/hour working full time to cover basic living expenses. Add a kid to the mix, and that rate rises sharply to more than $25/hour. That’s according to the Living Wage Calculator created by Amy K.
How much money do I need to move to LA?
However, if you want to be better prepared, we recommend you have at least $5,000 saved up in your bank account before you arrive and to be sure that you don’t max out any credit cards a week after you’ve landed at LAX. The $5,000 should cover your initial rent costs and leave some extra for furniture and food.
How much do you get paid if you work 40 hours a week?
For employees working a full-time job at 40 hours per week, the minimum salary should be no less than $520.00 per week, or $27,040 per year. As a non-exempt employee, salaried employees who work over the maximum number of hours should be paid based on California overtime laws.
How many hours can you work without being exempt in California?
Updated August 16, 2020. Under California law, non-exempt employees are entitled to overtime pay if they work more than eight (8) hours in a single workday , more than forty (40) hours in a single workweek, or more than six (6) days in a single workweek. Employers must pay time and a half for work in excess of these hours.
How much does it cost to live in Los Angeles?
When deciding on which area of Los Angeles to live in, many factors come into play. First and foremost, finding an affordable place to live depends on the size of your paycheck. If you desire to live near the beach, expect to pay north of $2,000 for a one-bedroom apartment with no guarantee of a parking space.
What if I work more than 35 hours in a workweek?
If you work more than 35 but fewer than 40 hours in a workweek, you will be entitled to be paid for the extra hours at your regular rate of pay unless you work over eight hours in a workday or 40 hours in a workweek. The following are examples of how to calculate the regular rate of pay: