Current Events > Is 45k a year a good salary in SoCal California?

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SamusGlory
01/15/22 4:27:46 PM
#1:


Just graduated college and got a staff accountant position. I'm 27 years old and currently living with my parents. I could use this experience to be a financial analyst. Not planning to move out anytime soon since I wanna be financially stabled first >_>

this is before taxes btw

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Flauros
01/15/22 4:29:44 PM
#2:


No.

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ThePrinceFish
01/15/22 4:30:16 PM
#3:


Since you're not paying rent, it's fine. If you had to pay rent you'd probably be in for a rough time and half a dozen roommates.

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SomeLikeItHoth
01/15/22 4:30:47 PM
#4:


its great if you have no bills.

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R1masher
01/15/22 4:31:11 PM
#5:


Yes, if youre living in a studio apartment and youve got four roommates

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Sariana21
01/15/22 4:31:48 PM
#6:


No. Well, it depends. But you might not like the areas that are affordable at that salary. Or maybe you would. Depends.

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LeoRavus
01/15/22 4:33:14 PM
#7:


Where I live it's ok. There, lol

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Iodine
01/15/22 4:34:11 PM
#8:


SamusGlory posted...
currently living with my parents.
Yeah its fine. People need to read the OP.

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Ratchetrockon
01/15/22 4:37:25 PM
#9:


maybe in northern cali? altho idk for sure. i just worked with someone from there. he lived in a mountainy part of cali that snowed. he seemed to be from a poorer background altho i might just be making wild assumptions.

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theAteam
01/15/22 4:42:40 PM
#10:


It's fine with no rent and with a higher income potential in the future, and I'm pretty sure financial analysts make decent money. If you had to move out anytime before then it would be tight, but you could do it. I survived off 45k with a $1200/mo rent, which you can get with 1-2 roommates depending on the area.

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bsp77
01/15/22 4:43:54 PM
#11:


In general, no. But right out of college and at your parents, sure.

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samurai bandit
01/15/22 4:49:53 PM
#12:


Sounds like a good opportunity to rack up experience given your situation.

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Trumpo
01/15/22 4:53:26 PM
#13:


Add a one in front and that is probably still not enough there
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Cleo_II
01/15/22 4:57:30 PM
#14:


No but its fine to start out with while living with your parents. I started off around $50k down here and Ive increased that tremendously over the years with experience.
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OffTempo
01/15/22 5:00:29 PM
#15:


If you want to be financially independent in SoCal or anywhere in California for that matter, 45K a year won't cut it

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Conception616
01/15/22 5:11:50 PM
#16:


If you are living with your parents, why are you asking CE this question instead of them?

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Arcanine2009
01/15/22 5:19:06 PM
#17:


SamusGlory posted...
Just graduated college and got a staff accountant position. I'm 27 years old and currently living with my parents. I could use this experience to be a financial analyst. Not planning to move out anytime soon since I wanna be financially stabled first >_>

this is before taxes btw
I don't know your field well, especially entry level positions I think it's probably okay after graduating from BA in your field, but not enough to live on your own comfortably, unless you like room/housemates. Check salary.com for median pay in your area for this kind of job.

Whatever you do, definitely don't settle for this job. Look so see if there is growth in the company, but check how much they pay you too. Check salary.com and Glassdoor.com.

I graduated with a useless degree and worked around a bit. Did data entry for 2 years that only paid 12-13.00 an hr, but luckily got into studying biotech fulltime (got a certificate from a CC) and went there after and increased pay quite a bit over the past 6 years and getting near 6 figures now.

I'd take advantage of staying with your parents and paying off your debts for now.

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Kingbuffet
01/15/22 5:20:45 PM
#18:


Not good, it really does need to be closer to $85k

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YourDrunkFather
01/15/22 5:30:12 PM
#19:


https://gamefaqs.gamespot.com/a/user_image/6/7/9/AAcWh_AACz2n.jpg

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KaZooo
01/15/22 5:35:06 PM
#20:


SamusGlory posted...
Just graduated college and got a staff accountant position. I'm 27 years old and currently living with my parents. I could use this experience to be a financial analyst. Not planning to move out anytime soon since I wanna be financially stabled first >_>

this is before taxes btw
This is fine assuming your parents are good. Just build your foundation. That's the point. Don't move out.

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darkprince45
01/15/22 5:36:34 PM
#21:


my wife and I want to move to southern cali area so bad. I made 100k last year. Wouldnt even know where to move everything is so expensive. My house would probably cost over a mil there

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Itachi157
01/15/22 5:37:00 PM
#22:


It can be if you live in one of the cheaper areas of SoCal (the IE, etc) and have only yourself to take care of.
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brestugo
01/15/22 5:43:06 PM
#23:


In the desert areas, maybe. Still on the low end of survivable. The desert is nice and all but it's not like living in a major city. It's its own universe. You'd be an hour or two minimum from a major city. More like 3 or 4.

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theAteam
01/15/22 5:55:15 PM
#24:


Itachi157 posted...
It can be if you live in one of the cheaper areas of SoCal (the IE, etc) and have only yourself to take care of.

Even those areas are getting expensive it's ridiculous. A year ago I was renting a 2bd/2ba in Temecula for $1950/mo and that same model is going for $2800 now. There's zero jobs in Temecula so are there really that many WFH people?

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brestugo
01/15/22 5:59:20 PM
#25:


theAteam posted...
Even those areas are getting expensive it's ridiculous. A year ago I was renting a 2bd/2ba in Temecula for $1950/mo and that same model is going for $2800 now. There's zero jobs in Temecula so are there really that many WFH people?
Yeah, the IEs not cheap anymore.

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MC_BatCommander
01/15/22 6:00:47 PM
#26:


Sure if you don't have to pay rent

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jsb0714
01/15/22 6:06:59 PM
#27:


SamusGlory posted...
Just graduated college and got a staff accountant position. I'm 27 years old and currently living with my parents. I could use this experience to be a financial analyst. Not planning to move out anytime soon since I wanna be financially stabled first >_>

this is before taxes btw
You want to be a financial analyst but you don't know how to figure the cost of stuff?
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Itachi157
01/15/22 6:16:57 PM
#28:


theAteam posted...
Even those areas are getting expensive it's ridiculous. A year ago I was renting a 2bd/2ba in Temecula for $1950/mo and that same model is going for $2800 now. There's zero jobs in Temecula so are there really that many WFH people?

Temecula/Murrieta are like higher end IE. But yeah the area isn't super cheap in general anymore.
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#29
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Northlane
01/15/22 6:31:49 PM
#30:


I think you're underpaid for the job role

My friend's wife is apparently making $22 an hour as a bank teller, no degree at Wells Fargo here in SoCal

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