Hale Nazari, an actress who currently lives in Los Angeles

In a previous posting “How Much Do You Really Need to Afford the Cost of Living “Comfortably” in Los Angeles?” I wrote that you needed to make around $75,000 to be “comfortable” in L.A. (that is, if you’re comfortable with just getting by and not living particularly well.) The problem is the average Angelino only makes around $50,000 per annum. That $25,000 gap means that too many people have skipped saving for the future completely. This is just getting by let alone being able to afford a home purchase in Los Angeles. Or save for a down payment.

March 21, 2023 | 9:39 pm