Current Events > If you make $60,000 a year in California you are considered low income

(+) Yeah! (+)

https://www.msn.com/en-us/money/realestate/what-s-considered-low-income-in-sacramento-here-s-what-latest-california-housing-report-says/ar-AA1dMB1H

Cost of Living in much of California is outrageously high.

Not like $60k is a tremendous amount of money anywhere.

That's a pretty high amount for a place like Missouri. I never understood why people would live in a place that's so expensive like California when there are way better and cheaper options all over the country.

Gobstoppers12 posted...

That's a pretty high amount for a place like Missouri. I never understood why people would live in a place that's so expensive like California when there are way better and cheaper options all over the country.

the problem is. all the decent paying jobs are in California

AzNDarkSamurai posted...

the problem is. all the decent paying jobs are in California

That's not really true though.

AzNDarkSamurai posted...

the problem is. all the decent paying jobs are in California

Decent paying jobs in California pay much more than 60k. If you have one you don't have to worry about this.

Gobstoppers12 posted...

That's a pretty high amount for a place like Missouri. I never understood why people would live in a place that's so expensive like California when there are way better and cheaper options all over the country.

That's because it's Missouri.

FolkenRawr posted...

Not like $60k is a tremendous amount of money anywhere.

False. I'm in the Midwest and just took a job for about $63k and will live very well. I was already comfortable at $40k, 10 yr mortgage on my 3k sqft home is $500/mo and cars are both paid off.

If you don't care about where you live the Midwest is a lot of bang for the buck and its not bad at all. My town is small and old but it is safe and comfortable

FolkenRawr posted...

Not like $60k is a tremendous amount of money anywhere.

Isn't like 40 or 50k average?

Gobstoppers12 posted...

That's a pretty high amount for a place like Missouri. I never understood why people would live in a place that's so expensive like California when there are way better and cheaper options all over the country.

California has better weather, schools, opportunity, better consumer and legal protections, it's one of the biggest economies on earth by itself, it's incredibly diverse, it's government isn't currently regressing 50 years, it's an amazing place for those that can afford it. Far better than Missouri.

Not all places in California has high cost of living. Mid-Cal is more affordable than Nor-Cal or So-Cal and the only places with astronomically high cost of living are in the cities like San Fran and LA. But that's the issue, living in Mid-Cal is essentially living in a fly over state most of the time.

Prestoff posted...

Not all places in California has high cost of living. Mid-Cal is more affordable than Nor-Cal or So-Cal and the only places with astronomically high cost of living are in the cities like San Fran and LA. But that's the issue, living in Mid-Cal is essentially living in a fly over state most of the time.

Mid cal? Id prefer not to get shot lol

Gobstoppers12 posted...

That's a pretty high amount for a place like Missouri. I never understood why people would live in a place that's so expensive like California when there are way better and cheaper options all over the country.

Because many of the cheaper options are really, really shitty places to live

FolkenRawr posted...

Not like $60k is a tremendous amount of money anywhere.

Thud posted...

False. I'm in the Midwest and just took a job for about $63k and will live very well.

He said it's not a tremendous amount. That is a fact. It's not a tremendous amount. It may qualify as a big amount, but still that much is arguable.

I have a little over $64 grand, and it's not even enough to acquire a foreclosure house in any state I know of.

.

legendary_zell posted...

@Gobstoppers12 posted...
That's a pretty high amount for a place like Missouri. I never understood why people would live in a place that's so expensive like California when there are way better and cheaper options all over the country.

California has better weather, schools, opportunity, better consumer and legal protections, it's one of the biggest economies on earth by itself, it's incredibly diverse, it's government isn't currently regressing 50 years, it's an amazing place for those that can afford it. Far better than Missouri

California also has no thunder storms in many regions. That much is a luxury many people will never know.

RchHomieQuanChi posted...

Because many of the cheaper options are really, really shitty places to live

Have you ever been to Missouri? It's really not bad here at all day to day.

Gobstoppers12 posted...

That's a pretty high amount for a place like Missouri. I never understood why people would live in a place that's so expensive like California when there are way better and cheaper options all over the country.

I guess it's because of the expense involved with moving to a totally different state (finding housing, employment, the cost of moving itself, etc etc).

People who would most benefit probably are the least able to do so.

Gobstoppers12 posted...

Have you ever been to Missouri? It's really not bad here at all day to day.

If it's anything like Mississippi then no thanks fam

KobeSystem posted...

If it's anything like Mississippi then no thanks fam

It's not.

KobeSystem posted...

If it's anything like Mississippi then no thanks fam

Missouri and Mississippi are two completely different places. Try not to showcase so much ignorance all at once if you can help it. Intriguingly enough, you singled out perhaps the worst state in the U.S., and then decided to use it as a comparison to Missouri.

Alabama is more like Mississippi, and even it is much better than Mississippi.

Bump

This is not news

...even in Barstow?

Thud posted...

10 yr mortgage on my 3k sqft home is $500/mo

You must live in the middle of nowhere.

Prestoff posted...

Not all places in California has high cost of living. Mid-Cal is more affordable than Nor-Cal or So-Cal and the only places with astronomically high cost of living are in the cities like San Fran and LA. But that's the issue, living in Mid-Cal is essentially living in a fly over state most of the time.

also good luck finding a decent job in Mid-Cal

theres a reason people from the valley (Fresno, Modesto, etc.) move to the big cities for work

In 2018 $59k was average for California. Yikes.

https://en.m.wikipedia.org/wiki/List_of_U.S._states_and_territories_by_median_wage_and_mean_wage

My dream is to move to the south with my family once I hit a certain age. Any recommendations?

Sheiky-Baby posted...

Any recommendations?

Puerto Rico

Super sad to hear that.

[LFAQs-redacted-quote]


To be fair when most people think of California, they either think of San Fran and/or LA, NorCal and/or SoCal. When it's a state that leans blue, most people mean the cities.

That's household income, not individual income. If you make 60,000 a year and your household only actually has one person, you are fine. If its a household of 2 or 3, then yeah, that is low.

[LFAQs-redacted-quote]


Ay, very true as well.

Gobstoppers12 posted...

That's a pretty high amount for a place like Missouri. I never understood why people would live in a place that's so expensive like California when there are way better and cheaper options all over the country.

One thing to consider is that, pay is generally higher in high cost of living areas. That may be a high amount for a place like Missouri, but that doesn't mean you're going to get that same pay once you move.

FolkenRawr posted...

Not like $60k is a tremendous amount of money anywhere.

It's pretty decent for smaller cities in the midwest.

$60k not a big deal anywhere? Brother, you'll be living like a king in Southeast Asia with 60k a year.

FolkenRawr posted...

Not like $60k is a tremendous amount of money anywhere.

False. It is where I live. Im fortunate enough to make a lot more than that though.

[LFAQs-redacted-quote]


LOL, WTF - isn't that even worse?

This only makes the figure more dramatic. If a place like Sacramento is considered low income at 60 grand, imagine what 60 grand is considered in the parts of California that people actually care about, like Los Angeles, San Francisco, or San Diego.

Sure. And much higher percentage of people in California do make $60 thousand a year than elsewhere

Cali has alot of perks but most aren't enough to me if I'm stuck struggling financially, renting for life, and living in the god forsaken cities.

To me its crazy how much how the mini. wage increased in California.
it wasnt that long ago when it was between $25-$30,000. Anything below that would be impoverished