Here's what making $100,000 in Los Angeles 'feels like,' according to new study (2024)

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Here's what making $100,000 in Los Angeles 'feels like,' according to new study? ›

According to a new study from SmartAsset, a $100,000 salary in Los Angeles leaves workers with what "feels like" just $44,623, ranking it among the lowest of nearly 80 cities analyzed by the financial advisory company.

Today it's considered low-income, at least in Los Angeles.

Number of households in Los Angeles, California by household income 2021. This statistic depicts the number of households in Los Angeles, California in 2021, by household income. In that year, there were 210,615 households with an income of 100,000 to 149,999 U.S. dollars.

Los Angeles did not make the top ten, ranking #17. Here, a single person needs $110,781 annually or $53.26 in hourly wages to be comfortable, according to the data. For a family of two working adults with two children, a salary of $276,557 is needed. Anaheim and Long Beach also made the list, tying for #14.

In San Francisco, Los Angeles, San Diego, and Oakland, all in California, a $100,000 salary is effectively halved, in terms of what it can afford.

When analyzing LA, the study said that the annual take-home pay from $100,000 after taxes is $68,050, but the cost of living is 52.5% higher than the national average.

(KRON) — You can earn $100,000 a year and still be considered low-income in the Bay Area, according to a new report released by the California Department of Housing and Community.

According to the U.S. Census, only 15.3% of American households make more than $100,000 annually. A $100,000 salary can yield a monthly income of $8,333.33, a biweekly paycheck of $3,846.15, a weekly income of $1,923.08, and a daily income of $384.62 based on 260 working days per year.

The Share of Income Held by the Richest 1% of Californians Spiked During the Pandemic. Income inequality worsened in the pandemic. The average income of Californians in the top 1% rose from $2.3 million to $3.6 million between 2019 and 2021, while it declined for middle-income Californians, from $46,600 to $46,400.

Is $200,000 a good salary in Los Angeles? ›

A $200,000 a year salary is downright middle class if you're living in a big city like San Francisco, Los Angeles, Seattle, New York, Boston, Washington D.C., or San Diego.

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.

$100,000 a year is how much an hour? If you make $100,000 a year, your hourly salary would be $48.08.

In five California cities, a $100,000 median household income is considered lower-middle class, according to a Feb. 13 analysis from GoBankingRates.

If you make $100,000 a year living in the region of California, USA, you will be taxed $29,959. That means that your net pay will be $70,041 per year, or $5,837 per month.