How much salary do apartments require in California?
1 Before you move in, the landlord can require you to pay up to two times the amount of the monthly rent as a security deposit ($500 x 2 = $1,000). 2  The landlord also can require you to pay the first month's rent of $500, plus an application screening fee of up to $42.41, in addition to the $1,000 security deposit. The landlord cannot also demand, for example, a $200 cleaning deposit, a $15 key deposit, or a $50 fee to process you as a new tenant. 2  The landlord cannot require any of these extra fees because the total of all deposits then would be more than the $1,000 allowed by law when the rent is $500 a month. To earn $33 an hour or more, you'd need to have a Los Angeles job like one of the following occupations: 1  Marketing manager: $66,538 (average in L.A., according to Payscale.com). 2  LAUSD teacher: $70,000 (average salary, according to LAUSD). 3  Software engineer: $82,669 (average according to Payscale.com).aising the minimum wage to $13.25 would equal a $27,560 salary; raising it to $15.25 an hour totals $31,720 a year. In order to afford to purchase the median-priced home in Los Angeles, you'd need to earn $96,513 a year, according to HSH.com, a mortgage information website. 1 Suppose that the landlord has required you to pay a $1,000 security deposit (the maximum allowed by law for an unfinished unit when the rent is $500 a month). 2  The landlord cannot also demand, for example, a $200 cleaning deposit, a $15 key deposit, or a $50 fee to process you as a new tenant. The landlord cannot also demand, for example, a $200 cleaning deposit, a $15 key deposit, or a $50 fee to process you as a new tenant. 2  The landlord cannot require any of these extra fees because the total of all deposits then would be more than the $1,000 allowed by law when the rent is $500 a month. You need to earn at least $33 an hour — $68,640 a year — to be able to afford the average apartment in Los Angeles County, according to Matt Schwartz, president and chief executive of the California Housing Partnership, which advocates for affordable housing.aising the minimum wage to $13.25 would equal a $27,560 salary; raising it to $15.25 an hour totals $31,720 a year. In order to afford to purchase the median-priced home in Los Angeles, you'd need to earn $96,513 a year, according to HSH.com, a mortgage information website. For example, if you require a tenant’s income to be at least $5,000 a month to rent a two bedroom apartment, then you’re going to effectively exclude low income families.That’s not to say that all or even most landlords use minimum income requirements to discriminate, but it does have that effect in some cases. landlord will require a letter of employment stating the salary or hourly rate in order to verify that a tenant meets the minimum income requirements. Tenants who don’t care for these requirements should find other apartments to rent. Naturally, people who earn the current California minimum wage of $9 an hour ($18,720 a year) would fare even worse in trying to afford an average apartment. Raising the minimum wage to $13.25 would equal a $27,560 salary; raising it to $15.25 an hour totals $31,720 a year.In order to afford to purchase the median-priced home in Los Angeles, you'd need to earn $96,513 a year, according to HSH.com, a mortgage information website.aising the minimum wage to $13.25 would equal a $27,560 salary; raising it to $15.25 an hour totals $31,720 a year. In order to afford to purchase the median-priced home in Los Angeles, you'd need to earn $96,513 a year, according to HSH.com, a mortgage information website. You'll need a job that pays… more. photoquest7. The average market-rate rent on a two-bedroom apartment in San Francisco is $4,694, so that's an annual income of $201,171.Of course, with rent and housing prices reaching record highs, a significant portion of San Francisco households are shelling out far more than 25 percent of income for housing.he average market-rate rent on a two-bedroom apartment in San Francisco is $4,694, so that's an annual income of $201,171. The $33 an hour figure is based on the average L.A. County apartment rental price of $1,716 a month, from USC's 2014 Casden Multifamily Forecast.aising the minimum wage to $13.25 would equal a $27,560 salary; raising it to $15.25 an hour totals $31,720 a year. In order to afford to purchase the median-priced home in Los Angeles, you'd need to earn $96,513 a year, according to HSH.com, a mortgage information website. The landlord believes that they can determine how much the tenant can afford to rent, based on the ratio of the tenant’s income to the rent. If you divide the rent by the tenant’s income, and the percent is more than a certain percent (sometimes it’s 33 percent), then the landlord may view the tenant as a risk. landlord will require a letter of employment stating the salary or hourly rate in order to verify that a tenant meets the minimum income requirements. Tenants who don’t care for these requirements should find other apartments to rent. (see Living in the Rental Unit, Check or Cash). 1  Security deposit example: Suppose that you have agreed to rent an unfurnished apartment for $500 a month. 2  Before you move in, the landlord can require you to pay up to two times the amount of the monthly rent as a security deposit ($500 x 2 = $1,000). The landlord cannot also demand, for example, a $200 cleaning deposit, a $15 key deposit, or a $50 fee to process you as a new tenant. 2  The landlord cannot require any of these extra fees because the total of all deposits then would be more than the $1,000 allowed by law when the rent is $500 a month.
$31,720 a year.