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Hey guys,
I'm going to be moving to California for a job and I'm starting to think about how much I can afford on a apartment among other things. I'm a single female and I'll be making about $50,000. So I was wondering how much of that would be taken in taxes and what I'd actually be able to spend. I tried paycheckcity.com and I don't know if I can trust it. As a test I used my current salary and it said I made about $7,500 less than I do now after taxes (even though things like retirement and such are taken from my paycheck currently). I checked with the new salary and it said I'd make $20,000... It sounds too crazy that $30,000 will be taken in taxes...
If you're a California resident, can you please give me an estimate on how much I can expect to make? One coworker said it's safe to assume that half my paycheck will be gone which is awful... Any advice would be good. Or if you have a site you know is more accurate.
Also, I'll be moving out of the house with this move to a new state so I want to make sure I can afford to support myself. (link)
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Here are some sights for understanding and estimating pay checks and taxes.
http://www.taxes.ca.gov/Income_Tax/paycheckind.shtml
http://www.irs.gov/pub/irs-pdf/p505.pdf
From what I hear paycheckcity is legitimate. I don\'t know for sure because I don\'t live in California. However speaking from experience. When your relocating your life, you want to be over prepared. Keep your plans lucrative with room to change. Look for 6 month leases under your budget as an ideal starting place. Some times relocating involves some amount of trial and error. Plan for it, over prepare financially and be open for adjustments.
Good Luck
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Rating: 5
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Yeah, other places recommended paycheckcity but I just couldn't trust it after it was so off with what it said I currently made.
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