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GOBankingRates
GOBankingRates
Fiona Tapp

If California Costs $130K a Year, How Do People Afford To Live There?

Eloi_Omella / Getty Images/iStockphoto

Living in California has always carried a certain allure, with ocean views, endless sunshine, innovative industries and world-class entertainment. But that dream comes with a steep price tag. 

According to the MIT Living Wage Calculator, a single working adult with two children in California would need to earn $64.17 per hour just to meet basic living needs — that’s $133,474 per year at a standard 40-hour work week. If a family unit has two working adults and two kids, it makes it a bit easier, but the household would still need to bring in more than $130,000 to get by.

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