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Old 06-13-2007, 07:20 PM
 
47 posts, read 426,447 times
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Hi, I recently received a job offer in San Diego with a salary of 45,000. I know that pretty much everywhere in California is expensive expensive expensive. Still, I was wondering if it was possible to live in the area with this salary. I'm a 24 single male, so I don't need a large place. While I wouldn't want to live in a place swamped with gangs, I also don't necessarily need to live in a place where its perfectly suitable to leave your doors unlocked at night. Also, I'd like to live in a beach community if possible. A friend of mine who used to live in San Diego mentioned Oceanside, Ocean Beach and Imperial Beach as nice places. I'd be renting, so no need to buy a home.
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Old 06-13-2007, 07:30 PM
 
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24...single.....no kids??? Move there and have fun!! 45K a year is plenty if your renting and don't have alot of bills. (Just don't get suckered into buying a 400k house lol)Renting at the beach should be no problem if you only need a small place. I'd pick Ocean Beach or Pacific Beach over Oceanside or Imperial for safety. The other two are a bit "gritty" but safe. You'll love San Diego...it's a great place to be young.
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Old 06-13-2007, 07:35 PM
 
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Yeah should have mentioned no kids. It'd just be me. Thanks for the info.
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Old 06-13-2007, 10:35 PM
 
Location: Tijuana Exurbs
4,537 posts, read 12,397,477 times
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Absolutely, you can do it on 45k a year. As Shannon94 said, Ocean Beach and Pacific Beach are better choices than Imperial Beach and Oceanside.

However, let us know where your job is and we can help you with your choices even more - perhaps get you a better commute. It could be that even though you WANT to live at the beach, if your job is in a certain location it may be impractical.
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Old 06-14-2007, 03:32 AM
MAB
 
103 posts, read 589,373 times
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I dont think you can live very well on 45K in San Diego.
You will most likely live paycheck to paycheck.
But hey,thats just my opinion.
IMHO San Diego is a great weekened getaway,but not a great place to live.
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Old 06-14-2007, 07:37 AM
 
Location: OB
2,404 posts, read 3,946,937 times
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Quote:
Originally Posted by MAB View Post
i don't think you can live very well on 45K in San Diego
Hmmm. I am an East Coaster (currently in philly), moving to San Diego but have been a city kid (nyc, b'more, philly, dc) the majority of my life.

You can do Manhattan on 45K a year, granted your studio will be no larger than a shoe box but it is doable. And if you can do Manhattan on 45K, I see no reason why you couldnt do San Diego on 45K.

So it really comes down to preference. Of course burb living is cheaper but I'd rather pay a premium for the convenience/culture of a city.
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Old 06-14-2007, 11:38 AM
 
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I've noticed that rent in San Diego seems very affordable in relation to how much owning a home is. In Miami, the houses seem to cost on average 150,000 less than in San Diego yet the rents are about the same in some comparable areas, and in other cases, much higher. For example, an apartment on Miami Beach has much higher rent than a lot of the apartments in the San Diego beach cities/neighborhoods.
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Old 06-14-2007, 12:58 PM
 
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Someone on the Florida board told me that the reason rents are higher in Miami despite the houses being cheaper is because of very high property taxes + home insurance due to all the hurricanes in Florida, compared to low property taxes in California. Is this valid?
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Old 06-14-2007, 02:23 PM
Jax
 
108 posts, read 638,881 times
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Probably so, keepitalive305 (regarding why the rents are higher in Miami). I totally agree...you can make it on 45k in San Diego single, renting, and no kids. Absolutely. I made it on less than that when I was living there single! You should have no problem. San Diego has lots of young singles, so you'll fit right in. I love Coronado, but you may not like the commute over the bridge each day. Yeah, I'd avoid IB (Imperial Beach) and probably Oceanside, too...it's a bit of a commute, for one thing. OB (Ocean Beach) is more of a hippie beach culture, but that's a generalization. Pacific Beach does tend to draw more of the young, party crowd. You might like Point Loma, which is close to the city, and near OB, the airport, etc.
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Old 06-14-2007, 02:58 PM
 
Location: Tijuana Exurbs
4,537 posts, read 12,397,477 times
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Quote:
Originally Posted by keepitalive305 View Post
Someone on the Florida board told me that the reason rents are higher in Miami despite the houses being cheaper is because of very high property taxes + home insurance due to all the hurricanes in Florida, compared to low property taxes in California. Is this valid?
That makes absolute sense to me too. I did some quick calculations based on guesstimates of property taxes and insurance in Florida, and the costs for those alone cut 20% from the value of a house in Florida. Additionally, you can add in the tax savings you get from your mortgage in California. Not sure how much value that would add to a house in CA, but the state income tax tops out at 10.3%. In Florida, your mortgage saves you nothing on income taxes because FL doesn't have a state income tax.
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