Cost of Living in Los Angeles County, CA for 2022

Cost of Living in Los Angeles County, CA for 2022 Family Budget
Posted by:Admin Posted on:Dec 22,2022

Los Angeles County, CA is the most populous county in the US with a population of over 10 million. The county seat is Los Angeles.  When moving to a new city or state, you need to familiarize yourself with the cost of living. In this analytical article, we look at the cost of living in Los Angeles County, CA for 2022. To do this, we will use a calculator compiled by the Economic Policy Institute (EPI). The Family Budget Calculator (EPI) will help you determine the optimal income to maintain a modest but fairly comfortable standard of living. Let’s study living expenses for three types of families: for one adult, for two adults and for a family of four (two adults and two children). For a complete picture, let’s look at the average net salaries in Los Angeles County, CA for 2022. The cost-to-income ratio will help us get the full picture.

Apartment rental prices are based on data from the Department of Housing and Urban Development. The Department takes into account fair market rent, which includes utility costs. Prices were taken into account for renting a studio apartment for one adult, a one-bedroom apartment for two adults, and a two-bedroom apartment for two adults with two children. Food expenditures are based on data from the USDA and have been adjusted for each area.

Average net salaries are per month (after tax) and based on numbeo data (current as of end December 2022). The median net salary in Los Angeles after taxes is $5,386/month (or $64,632/year) as of December 2022.

Monthly Costs Living in Los Angeles County, CA For 2022

(Family Budget)

For one adult (no children)

HOUSING = $1,369

TRANSPORTATION = $822

OTHER NECESSITIES = $604

FOOD = $299

HEALTH CARE = $324

TAXES = $656

MONTHLY TOTAL / $4,074

ANNUAL TOTAL/ $48,891

For two adults (no children)

HOUSING = $1,605

TRANSPORTATION = $995

OTHER NECESSITIES = $780

FOOD = $548

HEALTH CARE = $647

TAXES = $719

MONTHLY TOTAL / $5,294

ANNUAL TOTAL/ $63,534

For 2 adults and 2 children

HOUSING = $2,058

CHILD CARE = $1,323

TRANSPORTATION = $1,200

OTHER NECESSITIES = $1,059

FOOD = $864

HEALTH CARE = $972

TAXES = $1,042

MONTHLY TOTAL / $8,519

ANNUAL TOTAL/ $102,226


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