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Old 02-09-2012, 12:39 PM
 
1,963 posts, read 5,633,238 times
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On $50k you'll be living frugally in LA. If you're more boho hipster and frequent dive bars & small clubs with indie bands, you'll be fine. But if you want to party it up at the Hollywood hotspots & lounges, & nosh at food trucks & pop-up eateries, you'll feel broke at the end of every month. In fact, i have a couple friends who took jobs out in the South Bay & OC just to ween themselves from this spend-it-now culture.
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Old 02-09-2012, 12:41 PM
 
Location: Los Angeles
928 posts, read 1,718,221 times
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Quote:
Originally Posted by A1Lexo View Post
50k is fine to live in L.A. Especially with roomates. Seriously. Don't let anyone tell you different.
This right here, big time. If you want a Ferrari and think you're going all Hollywood glam with it, you'll need to be rich. If you're just a regular guy who goes to bars or bowling on the weekend with his buds, then whatever, 50k with roommates is perfectly fine. I'm from LA, currently live in Chicago, and only moved out of LA fairly recently (within last 5 years), so I'm familiar with the cost of living in each city. If you're living on 40k comfortably in Chicago, you'll be fine. Your quality of life won't take a hit.
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Old 02-09-2012, 04:28 PM
 
Location: Whittier
3,004 posts, read 6,287,779 times
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50K with roommates, no debt and a used car. Sure.

50K by yourself, debt and new car. No way.

Easy.
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