What's a reasonable average amount for basic cost living in LA (housing, food, transport, phone, internet..) for more context : single, would like to live in an independent studio in a nice area.

like
Posting as :
works at
You are currently posting as works at

$3,500 - $4,000 per month.

like

If you’re young and don’t have a lot of expenses, M1 is on point. I think $4,500 - $5,000 would provide a very comfortable life as a single in any neighborhood in LA. It’s difficult to find apartments, even studios, for less than $2,500 a month in Venice/Santa Monica. My expenses are always ~$2,500 and I’m not an extravagant person.

like

Yeah for sure, SM is where you can’t really get out of paying a premium for the location, beach etc.

Interpreting basic to mean low cost but still effective (and I'll assume a bit higher quality), the following breakdown is what I averaged per month for a 2bd living by myself 3 blocks off the beach in south bay over 3yrs:

Housing: 2k
Food: 200 for groceries, 300 for going out 4/month
Transportation: 100 for gas when I drive to client site and for personal use, budgeted 1k/yr for maintenance (I bought a used car in cash for 6.5k)
Phone: 20 (my share of family plan using military rates)
Internet: 70 for cheapest Spectrum

Other considerations:
Dating increases food costs and LA girls are their own category
Flying internationally out of LA is expensive except to Mexico, but it's cheaper and more fun to drive to Baja
1bd and studios don't really go under 1.5/month except in less nice areas, so you're better off with a 1bd or 2bd for a little extra for the space and convenience. I've had a lot of friends visit and stay a few days and an extra room is just less hassle than having someone on the couch in the living room

like

How did you get such an affordable 2bd?

Thank you guys. Very helpful

Related Posts

How do you and your partner (married or not married) split financials?

like

Looking into credit card, most likely between emirates nbd Bonvoy card or the Emirates offering. Anything better out there? What has been your experience. My understanding is you can convert the emirates points to Bonvoy? Not sure if the same works Bonvoy —> emirates.

I have square stock that I bought at 240, do I hold? And what’s everyone’s thoughts on Zoom? Sell or hold?

like

Has anyone here participated in the year long remote year program? My company is fully remote in the US and is in general supportive of me going but concerned about local and international tax liability. Remote year doesn’t share tax advice and our HR team is small. Curious to hear from people at companies who have done it before and if there were any issues from a tax or payroll perspective. Trying to get the formal approval from my company before officially signing up, advice welcome!

like

I am an associate at an AM200 firm and was (IMO) very clear prior to accepting this role that I value work-life balance and wanted to try to keep work at night on the weekends to a minimal, but since February, it seems like it’s always something that requires my time as needed disregarding “business hours” or my personal schedule. Thoughts on whether to bring this up or continue to be a team player until I burn out and pay off my student loans?

likefunny

How do people increase their credit score? Mine’s only around 790/770 for transunion/equifax respectively and its been like that for a while now. I have 100% payment rate, only 3% credit utilization, and 0 hard inquiries for the past 6 months or so. So far I only have credit cards, no loans yet. Thanks in advanced!

likehelpful

Does anyone have any book recommendations for information on buying a house?

like

I’m prepping someone’s tax return who I see everyday on tv. It’s kind of cool being privy to a celebrity’s confidential financial information. 😁 I’ve also prepped a famous athlete and actor last week.

likeuplifting

Thoughts on the VC Royal Eagle? Seems crazy undervalued, you can get it for less than a DateJust! What am I missing here?

like

We made it to 10/15. Now to do CPE and wait for the section 199a deduction to make next year's returns a nightmare.

like

Looking for some tax advice. Parents currently own NYC coop. They purchased at insider price so they have a lot of equity; low cost basis. Market value is $1M+. What can they do to lower tax bill when comes time for inheritance?

like

Hi Sharks
I am 25 years old with in hand salary of 1L(just from last month) and i want to buy a term insurance plan. My questions are:
1. Is it wise to take 2 plans of term insurance one with return of 60 years and another without return of 80 years of each 1cr.
2. Is it wise to include health riders in insurance plan to claim for 80d or just chose health insu
3. How much one can ideally shell out for insurance per month (both term and health) for self in terms of percentage of monthly income.

like

Hi guys,

I got my full and final settlement today but I can see no tax deduction. Does anyone know the reason. 4k tax used to be deducted every month till now. I also got gratuity and leave encashment along

like

Thinking of moving my whole crypto portfolio into BTC. Is this dumb?

like

Should I take loan on my 401k to complete 20% down payment for home that I am buying or should I just go with 5% down payment and pay mortgage insurance?

like

My strategy for Bitcoin:

Buy low
Get worried and sell lower
Get FOMO and buy even lower
Panic and sell at its lowest
Cry myself to sleep
Repeat

like

Opinion on the Milton (Cambridge high) vs Suwannee (Peachtree ridge high) to buy a house? Have a 3 yr old.

like

New to options on fishbowl - I have a call itm with Robinhood that expires tomorrow. If I don’t sell it, what happens? Will they exercise or am I better to sell it?

like

City inspectors are now going around inspecting buildings because a lot of the buildings are empty so if your building is pretty much empty they will give you a tax credit

like

Hi everyone! I’m a young professional right out of college getting into investing and personal finance management. Trying to better understand and educate myself on personal finance and investment strategies. Can someone recommend some recourses (books, podcasts, experts to follow, etc.) where it’s clearly explained for beginners? Trying to make sense of 401Ks, Roth IRAs, emergency funds etc.
Like I’m looking for someone like Dave Ramsey but for investment and money management advice.

like

More Posts

Any F fishes want to hang out at the dock and go boating over the weekend?

like

I’m always pissed 😈

likeuplifting

What are your thoughts on reading logs for independent reading? I moved to a new district this year an the entire department was pretty strong in reading logs. I’ve never used them before.

like

Is Microsoft in Pune, India?
I could see few openings are there for Pune location. But I am not yet aware about Pune office address.

like

For 🐠🐟 that live in the Circle C area, is there really a difference between Circle C proper vs. the surrounding neighborhoods (e.g. Circle C North)? Or are we basically just paying a premium for the name?

(We're waiting for prices to come down like a lot of people here, and the hubs is very focused on being within Circle C proper 😮‍💨.)

like

Identifying a common process, what does this even mean 😩 please help.

like

Lynn Pinker, a lit boutique in Dallas, just matched Millbank at 215k.

likehelpfulfunny

So with all the layoff talk on the BL bowl, how’s Texas M&A market doing? Anyone expect an uptick in Q4?

like

Capgemini and Capgemini Engineering work location are same in Noida?

like

If you had to choose between Dallas or Houston to practice RE. My wife wants to move to Texas and we're narrowing options. Chime in if there's somewhere better I should be looking.

like

Happy Sunday. For some reason, it’s 4:20 somewhere.

Post Photo
like

What is Amazon’s extensive background check?

Post Photo
like

Hi. I'm a final year btech student, and I recently got an offer from PwC India for the post of Sr. Analyst, with the package of 4.5lpa fixed + some yearly performance bonus. How should I expect me to be my career graph in pwc? Promotions, work culture, work life balance, basically any kind of insight will be appreciated.

THANKS A TON, IN ADVANCE.

like

Hey anyone here from PwC UK. Joining soon wanted to say hello ❤️☺️

likeuplifting

Anyone have recommendations on the best app/site to learn Python? 🐍
I’m a complete beginner.

like

So... I have questions for change/org effectiveness practitioners who have successfully leveraged their experiences to acquire high paying, high level roles in industry. How did you do it? What was your path? What would you recommend to others so they can make the most of their careers? I’ve included my reasoning for this Q, below!

like

Hi All,
Need some information
HCL vs WIPRO which one is better as per Salesforce practice and other employee benefits?

like

Hey guys
I got a 3BHK in Ganga Orchard, Koregaon Park(5.6 km from WTC).
I’m searching for 2 chill male flatmates.
Rent -32K
Deposit-90K
Dm if interested

like

Is it just me or have you also noticed that during the endless back to back zoom/teams meetings, people drift away and not take down action points?

like

In a pickle. Bonuses are paid on the 22nd and we have to be working that day to get them. I need to be at my new job the Monday after. I’ll be on the bench til then so if I give my 2 weeks (cont)

like

Additional Posts in Los Angeles

Chicago 🐟here in the process of moving to LA.

Holy cow how do you guys live? Everywhere is so expensive but there are so many homes on the market.

Do you guys plan on living in LA for the long term? Any tips on navigating the neighborhoods and where I good starter location would be?


(For reference, new jobs office would be in Santa Monica)

likefunny

Was anyone else incredibly disappointed with the Hollywood boardwalk when you first came? I didn't even know 99% of the folks there

likefunny

Hi, do you know of any opening as a production manager making at least 120K? The environment where I'm currently working is getting more toxic than ever and they are expecting me to fill all the openings with the minimum wage. I've been in the same company for the last 7 years, but with all the pandemic still going on, nobody seems to understand that when you are short staffed is impossible to get the same results as when you are fully staffed. Any help or insights will be greatly appreciated.

like

Are trails, beaches, and other outdoor activities still open? Is it possible that they could close due to Covid?

like

Let’s talk about spiders. They’re EVERYWHERE at my place. Same for you or nah?

likefunny

Best gyms with fitness classes? (Orangetheory, Barry’s?)

like

Anyone down to meet for food and drinks in the next couple of weeks?

Safely and socially distant ofcourse, with assurance of no covid infections etc., whatever one is comfortable with.

like

Hey everyone, would 12/23 afternoon not a bad time for holiday travels? Booking for a flight for my parents from overseas to LAX ,trying to avoid crazy busy afternoon.

Best areas to live in if have to commute to DTLA two days a week and partner has to travel to Riverside next year? Ideally we don't want to move twice. Hoping to not have longer than 1 hr commute with traffic in either direction. Please be kind I know LA traffic is horrible- I don't need a lecture about how bad it is lol

like

121F temperature in Woodland Hills today.

INSANE 🥵🥵

like

Best place to score moving boxes?

like

When are we getting rid of the mask mandate in LA County?

Post Photo
like

Is all the recent 405N traffic around Long Beach in the morning super bowl related?

like

Will be moving to LA at the start of next year. I make $150k and my boyfriend freelances and averages around $60k. How much should we realistically be paying in rent max?

like

Any here hired Hippo Movers before? Reviews look good but then one on yelp made me suspicious if they were fake

like

Angelenos - is it still worth it to transplant from NYC? I know with everything going on, it's a mixed bag, but I'm feeling the move. What do you think? Is LA still the best?

like

Best LAX shuttle service? Used Uber for every trip, but would prefer something with terminal pickup. Might as well book both ways elsewhere. Cost not the biggest factor but reliability.

like

Any insights/opinions on living in Toluca Lake?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal