Top 10 Cheapest Places To Live In Los Angeles, CA | ZeroDown (2023)

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Top 10 Cheapest Places To Live In Los Angeles, CA | ZeroDown? ›

Living in L.A. on a budget is possible!

But choosing your neighborhood wisely, being frugal with your entertainment choices, and living with roommates can all help you keep your bank account in check while you live in Los Angeles.

Living in L.A. on a budget is possible!

But choosing your neighborhood wisely, being frugal with your entertainment choices, and living with roommates can all help you keep your bank account in check while you live in Los Angeles.

According to the study, a Los Angeles resident without children would need to make $76,710 after taxes to live comfortably. The study is based on the MIT Living Wage Calculator, which uses the cost of housing, food, transportation, medical care and more.

As evidenced by the map, high levels of poverty are pervasive in South Los Angeles and are also found in portions of the San Fernando Valley, Hollywood, Boyle Heights, Northeast Los Angeles, and areas surrounding the Port of Los Angeles.

When is the best time to move to LA? According to RentHop, the best time to move to LA is September through December. On average, you'll see a 4% decrease from peak rental prices. This difference amounts to savings of $85 per month for a one-bedroom apartment, and $103 per month for a two-bedroom.

In Los Angeles County, 14.2% of residents live below the federal poverty line, which in California is defined as having an annual income of $13,590 for a one-person household, $18,310 for two people and $27,750 for a family of four.

Is California or Texas cheaper? ›

Cost of Living in California vs. Texas. In Texas, you can get a lot more bang for your buck. A MyMove study evaluating the cost of living in the United States in 2022 shows that California has a cost index of 151.7, while Texas has a cost index of only 91.5.

For starters, the cost of living is drastically cheaper in Florida. California ranks as the second most expensive place to live in the country so those who move from California will find real estate prices much more affordable in Florida. Not only is Florida more affordable, but there are more jobs to be had.

This is due to the city's proximity to large agricultural areas and its relatively inexpensive housing. The city's median home price is $362,600, which is way lesser than California's median home price of $600,000.

Topping the 2023-24 list: Green Bay, Wisconsin. The magazine called Green Bay "The perfect mix of big-city amenities complemented with a Midwestern, small-town feel."

The data used in the study analyzed the cost of living in each city as of 2022. For California cities like Los Angeles, Berkeley and San Diego, a single person must make more than $76,000 to “live comfortably,” the data shows.

Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Los Angeles is $2,781, while home prices circle around $1,098,874. Thinking of moving?

You can absolutely live in California on $30K even in LA and Anaheim (if single) but there are a few caveats. You need someone to provide you a place to stay, rent free. Then it is pretty easy to get by, you can even have a car, but you probably won't be saving any money.

The most popular and safe places for tourists include West Hollywood, Silverlake, and Santa Monica. These three cities are favorite spots for anyone looking to check out the Los Angeles scene and some of the best areas to look for a place to stay.

What is the poorest suburb in Los Angeles? ›

Nevin, Los Angeles - Wikipedia.

If you're searching for one of the cheapest places to live in California, look no further than Clovis! Part of the Fresno metro, this Central California city is comfortably-sized, full of young families, and within three hours of both San Jose and Yosemite National Park.

According to data from real estate firm RealPage, average asking rent for a vacant L.A. County apartment during the first quarter of 2022 was up 17% from the same period a year earlier. But by the first three months of this year, rent growth had slowed, with prices rising 6% from 2022 levels.

Los Angeles ranks 37th among large cities for middle-class income, with a range from $47,149 to $140,744. The median income was $70,372. Three out of the top five cities with the highest income thresholds for the middle class are located in the Bay Area.

Overall, SmartAsset found the income threshold ranges from roughly $375,000 to slightly more than $955,000.

We are the one-stop shop for resources on how to find affordable housing, special programs such as Handyworker Program and FamilySource Centers with locations throughout LA that provide various social services for you and your family. We invite you to look through our programs and services that cater to your needs.

Race, ethnicity, and national origin

Hispanic or Latino (of any race): 47.5% Non-Hispanic Whites: 29.4% Other: 25.2%

1. Bel-Air. The richest neighborhood in Los Angeles is Bel-Air. Making its claim to fame on the popular series The Fresh Prince of Bel Air, this neighborhood is located directly across from Sunset Boulevard and is considered one of the most exclusive residential areas in Los Angeles.

Who qualifies for affordable housing in California? ›

“Affordable housing cost” for lower-income households is defined in State law as not more than 30 percent of gross household income with variations (Health and Safety Code Section 50052.5). The comparable federal limit, more widely used, is 30 percent of gross income, with variations.

Bakersfield is arguably the cheapest city to live in California, with many neighborhoods having available housing stock under $200,000.

This is because the Arizona vs. California cost of living rates are significantly lower in AZ. The cost of groceries is about 24% lower in Phoenix, housing is 69% down, utilities are 20% cheaper, transportation is 29% less, and healthcare is 28% cheaper.

Colorado, on the other hand, is much more affordable. While the overall cost of living index in Colorado is over 30% higher than the national average, it's still almost 40% cheaper than in California. And when you compare the cost of living in Denver, CO to Los Angeles, CA, Denver is -20.2% lower.

Affordable cost of living.

Housing is much more affordable in Bakersfield than in any other area because the city does not have the same income-earning potential as surrounding areas. In turn, the housing demand is not as strong hence the prices are lower.

The data used in the study analyzed the cost of living in each city as of 2022. For California cities like Los Angeles, Berkeley and San Diego, a single person must make more than $76,000 to “live comfortably,” the data shows.

What State Is Like California But Cheaper? Texas is one of those states similar to California but significantly cheaper. Along with a lower cost of living, Texas also offers the benefits of no personal income tax. Its climate is similar to that of California's – warm summers and cool winters with hardly any snow.

Study: California Ranks as 4th Happiest State — Well Ahead of Texas and Florida.

“Florida's taxes are lower than California's mostly because Florida does not impose an income tax or a vehicle property tax, whereas California does,” said Jill Gonzalez, an analyst at WalletHub.

Which City Is More Affordable: Los Angeles or New York City? Both NYC and LA are among the most expensive cities in both the U.S. and the world. However, the average cost of living in LA is also 24-27% lower than that of NYC.

What's the best state to live in financially? ›

Georgia is the fifth cheapest state in the United States.

In contrast, Eureka's unhoused population is estimated to be well over 500 individuals on any given night, while 80% are considered chronically homeless based on Humboldt County's most recent data.

Crescent City is a wonderful place for those who love nature, homey small town sociability, and the quiet conservative life. The beaches are spectacular and the redwood forests that surround the small town are stunning.

As the county seat of the world-famous Humboldt County, California, the City of Eureka is the heart of the U.S. redwood coast. Eureka is the market and cultural center of a beautiful region filled with iconic redwoods -— the world's tallest trees — and stunningly beautiful rugged remote ocean landscapes.

St Louis, Missouri is the top-rated city in the U.S. for people looking to start over. New York City is the most difficult city to move to for a fresh start. Hartford, Connecticut has the best social scene score. Birmingham, Alabama has the best cost of living score compared to other cities we studied.

The 2022 Monocle Survey determined the world's most livable city was Copenhagen, followed by Zurich, Lisbon and Helsinki.

New York is the most populated city in the United States. Three cities in California made the top 10 populated cities: Los Angeles, San Diego, and San Jose. Texas made the list with three cities: Houston, Dallas, and San Antonio. Chicago, Phoenix, and Philadelphia also ranked among the 10 most populated U.S. cities.

Known as the “Gateway to the Sierras,” Clovis is one of the least expensive places to live in California! Part of the Fresno metro, this central California city is comfortably sized, full of young families, and just a little over an hour away from Yosemite National Park.

Is LA cheaper than Texas? ›

Cost of Living in California vs. Texas. In Texas, you can get a lot more bang for your buck. A MyMove study evaluating the cost of living in the United States in 2022 shows that California has a cost index of 151.7, while Texas has a cost index of only 91.5.

While the short answer is yes, you can move to Los Angeles without a job, it's essential to come prepared and have a plan in place. Los Angeles is a highly competitive job market, and finding employment can take time. It's crucial to have a solid financial plan and be willing to hustle to secure work.

Housing is the most significant expense for most American households. The cost of living in a certain city takes into account both the price of rent and the price of a home. The average monthly rent in Los Angeles is $2,781, while home prices circle around $1,098,874. Thinking of moving?

The cost of living in Los Angeles, CA is 25.1% higher than in Miami, FL. You would have to earn a salary of $75,057 to maintain your current standard of living. Employers in Los Angeles, CA typically pay 15.7% more than employeers in Miami, FL.

Overall, LA is about 24% less expensive than NYC. The cost of living in LA is lower than in NYC thanks to far lower housing prices. On average, housing in LA is 34% cheaper than in New York City. Additionally, prices for groceries, as well as restaurant prices, are lower in Los Angeles than in NYC.

What's the best time of year to rent? In general, rents tended to be lower during the winter. The “best” months to rent are between December and March (during the winter).

Some of housing analysts say that home prices in Los Angeles and Orange counties will fall by the middle single digits in 2023, while home prices in the Inland Empire will fall by the high single digits over the same time period.