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The Real Cost of Living in Los Angeles 😱😱😱

8.4K views
•
January 27, 2023
by
Debt Free Millennials
YouTube video player
The Real Cost of Living in Los Angeles 😱😱😱

TL;DR

Living expenses in LA include high rent, moderate utility costs, and expensive child care.

Transcript

I recently moved to the Los Angeles area and so I thought it would help people out there who are considering moving to the LA area or just want to be nosy exactly what are the real costs of living in a city like this so I'm going to break down my living expenses my basic living expenses and a couple of expenses that are related to the fun stuff in ... Read More

Key Insights

  • 💐 Rent in LA can vary widely, with options for lower-priced properties available.
  • 🌱 Cell phone plans like Mint Mobile offer affordable unlimited data options in LA.
  • 🫢 Utility costs for gas and electricity in LA can be moderate in a temperate climate.
  • ✋ Grocery expenses in LA are impacted by inflation, resulting in higher costs.
  • 🇲🇬 Car insurance and gas costs for transportation in LA can be reasonable.
  • 👪 Child care expenses in LA can be substantial but are necessary for working parents.
  • 🥶 Engaging in free activities like beach visits and hiking can offset high living costs in LA.

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Questions & Answers

Q: What is the rent amount Justine pays for her 2-bed, 2-bath unit in LA?

Justine pays $4,200 per month for rent in her gated community in Los Angeles County.

Q: How much does Justine spend on her cell phone plan and what provider does she use?

Justine spends $35 per line for unlimited data with Mint Mobile, which operates on the T-Mobile network.

Q: What are Justine's average monthly grocery expenses for her family in LA?

Justine spends an average of $796 per month on groceries, including toiletries, for two adults and one toddler in LA.

Q: How much does Justine pay for child care in LA?

Justine previously paid $3,200 per month for a full-time nanny and now pays $2,200 per month for full-time daycare for her almost two-year-old daughter.

Summary & Key Takeaways

  • Justine shares her living expenses in LA, including $4,200 rent for a 2-bed unit.

  • Cell phone plan costs $35 per line for unlimited data through Mint Mobile.

  • Total basic living expenses amount to $7,609 per month.


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