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Old 06-21-2011, 06:00 PM
 
19 posts, read 92,499 times
Reputation: 21

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My wife, child and I are thinking of moving to L.A. We are 42 and 34. My job will pay around 75-80K. My wife will stay at home for 1 yr. before putting our child in daycare. She'll look for a part time job after . Luckily, my parents will pay for a few yrs. of daycare until our child starts public elementery school in a decent area. We plan to pay aroung 2K for a 2/2 in Culver City, El Segundo or ? We own a car and motorcycle outright and don't have any debt. (with savings around 100k). We have a few friends out there and don't drink or party.

Could we live relativley comfortable starting out with 75-80K in West L.A.?

Thank you
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Old 06-21-2011, 06:04 PM
 
Location: South Bay
7,142 posts, read 19,560,019 times
Reputation: 3407
sounds like you already have everything squared away. i don't see the need to necessarily start out in a city with good schools quite yet since that seems to be years away. otherwise, if you think you can afford $2k in rent every month you should be fine. just try to live as close to work as possible.
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Old 06-22-2011, 05:19 PM
 
Location: Southern California
1,058 posts, read 1,201,925 times
Reputation: 2604
Are you comfortable asking your friends about their general financial situation? If their status is similar to yours regarding kids, etc., they can tell you whether they are struggling or comfortable. $2,500 is about right for rent -- there are two townhouses in our Culver City complex renting in that range. West L.A. and the South Bay are fairly expensive places to live, but you already know that.
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Old 06-22-2011, 06:20 PM
 
Location: Santa Monica, CA
1,626 posts, read 3,398,799 times
Reputation: 734
I would run the numbers and try to project take home pay after all deductions including health care which is pretty expensive for a family of 3 even assuming your employer pays 80% of the premium. Then put together a budget to see if it will work realizing that budgets are pretty rosy. Assuming $4300 a month take home pay (rough guess) it's doable but I don't think you'd have much left at the end of the month. I wouldn't say you'd be comfortable unless/until your wife can get a job making $25-30k min.
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Old 09-13-2011, 08:56 PM
 
Location: Los Angeles, CA
1,045 posts, read 1,683,739 times
Reputation: 690
Wow...you got married and now have a three year old daughter.

Just over two years ago you and your girlfriend were looking for a sublet for the summer in Boston (based on the thread you posted here).

//www.city-data.com/forum/bosto...09-boston.html
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Old 09-14-2011, 08:22 AM
 
1,855 posts, read 2,315,717 times
Reputation: 3955
Quote:
Originally Posted by SalParadise View Post
Wow...you got married and now have a three year old daughter.

Just over two years ago you and your girlfriend were looking for a sublet for the summer in Boston (based on the thread you posted here).

//www.city-data.com/forum/bosto...09-boston.html
Who cares?
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Old 09-14-2011, 09:06 AM
 
19 posts, read 92,499 times
Reputation: 21
Salparadise - Jealous or ?
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Old 09-14-2011, 09:33 AM
 
Location: Los Angeles
5,497 posts, read 13,332,938 times
Reputation: 5664
Quote:
Originally Posted by SalParadise View Post
Wow...you got married and now have a three year old daughter.

Just over two years ago you and your girlfriend were looking for a sublet for the summer in Boston (based on the thread you posted here).

//www.city-data.com/forum/bosto...09-boston.html
Why are you looking at old threads the OP started?
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Old 09-14-2011, 10:36 AM
 
927 posts, read 2,226,523 times
Reputation: 484
Quote:
Originally Posted by pwright1 View Post
Why are you looking at old threads the OP started?
Just a little creepy..
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Old 09-15-2011, 11:18 PM
 
Location: CA
1,220 posts, read 2,364,626 times
Reputation: 1262
Quote:
Originally Posted by devilfishlane View Post
Salparadise - Jealous or ?
definitely jealous. taking the time to dig up nonsense to make themselves feel better or something.
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