Is it a bad idea to move to California?
Moving to California may NOT be a good idea.
It may be for great weather, good job prospects, or something else.
One option is to live in a non state income tax state like Nevada for 51% of the time and live in California 49% of the time to avoid paying the tax..
How much money do you need to live comfortably in California?
The website Gobankingrates.com jumped in and did the math for us in their piece, “How Much Money You Need to Live Comfortably in the 50 Biggest Cities”. They calculated an annual income of $74,371 was about right for the average person to live comfortably in Los Angeles.
Why is it expensive to live in California?
Why are California housing costs so high? At its most basic level, it’s a story of supply and demand; lots of people want to live here, and there aren’t enough homes to go around. … More than 20% of Californians pay more than half their income for housing.
How much does it cost to live on your own in California?
Our cost of living indices are based on a US average of 100. An amount below 100 means California is cheaper than the US average….California cost of living is 149.9.COST OF LIVINGCaliforniaUnited StatesHousing239.1100Median Home Cost$552,800$231,200Utilities102.4100Transportation133.11004 more rows