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Wealth and Income Inequality in Los Angeles, California

seven local experts
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Here's what seven local experts had to say about wealth and income inequality in Los Angeles, California.

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Be prepared for the homeless junkies and criminals walking around everywhere.

Trisha, says: 2023

Before relocating to Los Angeles, it’s essential to consider the city’s sprawling geographical expanse, which can lead to lengthy and often congested commutes. The cost of living is notably high, with median home prices well above the national average, and rental costs on the rise. Researching neighborhoods thoroughly is advised, as the city’s cultural and socioeconomic diversity means that each area offers a unique living experience. Additionally, job opportunities, particularly in the entertainment, tech, and healthcare sectors, should be explored beforehand.

Alison, says: 2023

First, Los Angeles is EXPENSIVE! Nice hotel rooms here average around $250/night. More permanent accommodations cost so much that you will need a spouse, partner, or other person to help pay rent. If you want to buy a house, even a tiny one in a terrible neighborhood, will cost at least $400,000 (nearly half a million US dollars), and a decent house will cost anywhere from $1 to $20 or $30 million. There is an extremely large population of homeless people here as a result. Los Angeles natives like me are rare because of massive immigration from around the country and the world. You will meet people of every persuasion from every country you can imagine, but especially Mexico, our neighbor to the south. So many people from Mexico and Latin America have moved here illegally to grab low-wage jobs at even lower wages than the legal minimum that employment can be difficult to find for low or no-skilled people who are here legally and seek at least the minimum wage. The minimum wage here is $15.50 per hour, which is not enough to live on, so if you don’t have top education and skills you will probably need to have at least two jobs to survive. If you do have excellent knowledge and skills, such as a doctor or Ph.D., high tech guru, computer systems engineer, or developer, big business executive, movie/TV production professional, or entertainment superstar, then you can do quite well and live lavishly with easy access to virtually anything your heart desires.

The shopping and dining options here are unlimited and absolutely top tier for those who can afford it. There are also limitless things to do: movie theaters, live theater, concerts, clubs, and bars, live tapings for various television shows, famous and magnificent university campuses such as UCLA, USC, Loyola Marymount, and Occidental College where President Obama attended, along with dozens of other such institutions of higher education, museums, libraries, huge open spaces such as Will Rogers State Park and massive Griffith Park, the Observatory, Gene Autry Western Museum, California Science Center, casinos, professional sports games such as basketball, football (American), baseball, and hockey. Soccer is steadily growing in popularity, but it is nowhere near as popular as in other countries. There is fabulous, beautiful, and interesting architecture all around to roam about and admire. There’s beautiful Marina del Rey, where the luxurious yachts of the wealthy are docked, and where you will find even more restaurants, shopping, and entertainment. There’re world-famous Hollywood Blvd., the Sunset Strip, Beverly Hills, and Bel Air, Disneyland (the original one), Universal Studios (the original one), and other theme parks to explore and lose yourself in! And then, there are the GLORIOUS beaches where sun and fun abound. Santa Monica may be the most famous of them, and the most fun with rides (including a huge Ferris wheel), dining, shopping, and other entertainments. You can enjoy all this and much more IF you can afford it, which is a big if.

But despite the high cost of everything here, Los Angeles is relatively safe considering there are likely 20 or 30 million people here from all over the globe, with probably a third of them being illegal immigrants who have not been vetted by any official immigration agency. There is rampant crime, to be sure, so you have to keep your wits about you and use common sense (such as not strolling the streets at 2:00 in the morning or wandering around the wrong neighborhood), but much of that crime is of the type you don’t really see if you’re not looking for it. Drugs and alcohol, unfortunately, are everywhere. There are horrible people here and absolutely beautiful ones, both in and out. There are followers of pretty much every Faith on earth, with a church, temple, or mosque on nearly every block, as well as many people who believe in nothing.

I hope you can see from this that Los Angeles is as big and diverse as you can imagine, and it can be an absolute heaven on earth for those who can afford it. I forgot to mention the main attraction, L.A.’s unparalleled weather, which is generally mild year-round with magnificent sunshine and ocean breezes most days. The city is dense, intense, and highly urbanized, but simultaneously laid back and very relaxed largely due to its horizontal, rather than vertical development over the decades, giving it a spread-out, low-density feel. Traffic can be horrendous, especially on the 405 Freeway, of course, parking is problematic and EXPENSIVE, and public transportation is the pits — slow, unpredictable, and unpleasant. There are Uber, Lyft, taxis, and many other private transport options, but these are also very EXPENSIVE. It’s best to have access to a car because the land area of Greater L.A. is IMMENSE. From the northern Valley area to the Port of L.A. in the south, it will take an hour to drive the distance at high speeds on the freeway! It’s the same going from the beaches in the west of the city to its eastern expanses.

Some people complain that Angelinos are not friendly nor welcoming, and that may be true, but it may be because we are witnessing our hometown explode from a sleepy “country village” of a city into a gigantic mega-metropolis virtually overnight, which has totally changed EVERYTHING. But, in all, it’s a wonderful place to visit for rich tourists, and can still be a nice place to live even for those of us who struggle to afford it.

Brianne, says: 2023

Be cautious of the homeless and traffic. Since cars are slow sometimes they walk up to them. If you have a family, I’d go live outside of LA honestly and choose a suburb like Pasadena or south to OC.

The gilded, shiny exterior that prompts so many to flock to this sprawling, sunshine metropolis is not what outsiders will find when they walk down LA’s boulevards. The city is home to one of the United States’ largest homeless populations as housing prices are inordinately high. Not to mention, Los Angeles reigns supreme as one of the most polluted, and smog-infested cities in the world.

Stephanie, says: 2020

Los Angeles is a city of contradictions. Hiking up our lush green hills, you are rewarded with a view of a sprawling industrial mecca. Poverty lives side-by-side with enough wealth to drive Robin Hood insane. Our city is materialism sandwiched in a peace sign, superficiality wrapped in free love, hard edges and soft centers. I promise, you will never be bored.

Vanessa, says: 2020

If moving to Los Angeles, you must consider the heavy traffic, the rising housing costs, and the often volatile homeless population. I recommend visiting the city first to decide whether or not it will be a good fit for you. However, it is a beautiful place, laden with opportunity and culture.

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