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Question

Research and compare

Research the cost of living and salary benefits in Los Angeles that you would be interested in relocating to, as an entry-level position employee. The job would be related to fashion field. You may also compare LA with San Francisco.

Answer

Cost of Living and Salary Benefits in Los Angeles

Los Angeles is characterized by a high populace of about 12.9 million people from diverse ethnic backgrounds. Los Angeles is renowned for popular entertainment specifically in production of motion pictures, video games, recorded music, internet content, fashion and among others. There is disproportion between the average cost of renting a house and incomes of people. Research indicates that the average Los Angeles inhabitant spends up to 47 percent of their income on rent, which is beyond the 30 percent budget threshold. The average rent for a one-bedroom apartment is $1,950 in the city center and $1,350 outside the city center. A two-bedroom apartment will cost an average of $2,500.

The average utility bill comes to about $100 per month. The monthly budget for food is about $5000 per month. For convenience purpose, driving is recommended since commuting by bus may be erratic. Car insurance will cost $150 for comprehensive cover. Gas prices average $3.50, which is quite expensive.

The cost of living in Los Angeles is cheaper compared to other states such as San Francisco. The average rent for a one-bedroom apartment in San Francisco is $3,460 per month which is quite high. On average, San Francisco has a 62.6 percent higher cost of living compared to other states in the U.S. Monthly necessities such as food, housing and transportation can reach to over $3,632 dollars a month.

Los Angeles offers a number of salary benefits to employees in the regular full-time work arrangement. Employees are provided with medical and dental insurance. This is inclusive of their dependents. Each employee is provided with a free $50,000 life insurance policy. New employees are entitled to 12 full-pay days, 15 paid holidays annually, and 88 half-pays during sickness leave. Vacation days may accrue and begin at 10 days annually.

Assignment: AD, AS, Unemployment and Inflation-MT445-4   

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