Is 50k good for San Diego?

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Is 50k good for San Diego?

It would be very hard if you are single. The average income is higher. You are going to spend about $1500 a month for a studio, maybe a one-bedroom apt in a not so good neighborhood.

Can you live on 60k in San Diego?

If this lifestyle is what you would consider comfortable and you didn’t have any expensive habits or a wife and kids to take care of alone then I don’t see why you can’t be happy living in SD on 60k a year. It would be very hard if you are single. The average income is higher.

What can I do with a 50000 salary?

Here’s a list of jobs that pay more than $50k per year on average:

  • Executive assistant.
  • Warehouse training manager.
  • Sales representative.
  • Equipment service manager.
  • Truck driver.
  • Construction superintendent.
  • Underwriter.
  • Police officer.

Can you live off of 50K a year in California?

California yes, the Silicon Valley no. California is a HUGE state and in many parts of the state $50K is quite sufficient for a comfortable life. You can live of $50k a year in Silicon Valley, but you’ll need to live in shared housing and drive an older used car and not go out much.

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What is considered middle class income in San Diego?

What is middle class income in San Diego? San Diego County has a median income of $77,900 for one person, $89,000 for a two-person household, $100,150 for a three-person household, and $21,250 for a family of four, according to federal Housing and Urban Development figures.

Is 100k salary good in San Diego?

As you can see from our breakdown of the San Diego cost of living, a $100,000 salary should be enough to live comfortably in San Diego, provided you aren’t spending excessive amounts of money on travel, gambling, or luxury goods.

Is 65K a good salary in San Diego?

It is possible to live on 65K in San Diego. The average rent is $2,044 so to live comfortably at 30\% of your income you would need to earn $75,000 per year. At $65,000 per year you would be spending closer to 40\% of your income (38\%) on your housing.

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Is 50k salary good?

Income is, of course, another very important consideration for most people. “As such, a $50,000 salary would be above the national median and a pretty good salary, of course, dependent on where one lives.” That’s good news for people making an annual salary of $50,000 or higher.

Is 50k a good entry level salary?

50k annually is about 50\% higher than minimum wage in California. It’s a poverty wage, close to half the wage of full time working adults. Some people may find it comfortable but that is really a personal choice.

What rent can I afford 50k?

Qualification is often based on a rule of thumb, such as the “40 times rent” rule, which says that to be able to pay a certain rent, your annual salary needs to be 40 times that amount. In this case, 40 times $1,250 is $50,000. Therefore, if you make $50,000, you qualify for $1,250 per month in rent.

Is $25 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.

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Is $50k a year enough to live comfortably in California?

California yes, the Silicon Valley no. California is a HUGE state and in many parts of the state $50K is quite sufficient for a comfortable life. You can live of $50k a year in Silicon Valley, but you’ll need to live in shared housing and drive an older used car and not go out much.

How much house can I afford if I make $50k a year?

If I make $50K a year, how much house can I afford? A person who makes $50,000 a year might afford a house worth anywhere from $180,000 to nearly $300,000. That’s because salary isn’t the only thing that determines your home buying budget. You also have to factor in credit score, current debts, mortgage rates, and many other factors.

How much does the average person make in California?

(If at all possible, please get out of the habit of saying “California” when you actually mean, say, the Silicon Valley or west Los Angeles or something more specific.) The annual per capita income in California in 2011 was about $30,000. The median household income was just over $61]