Can you live in San Diego on $50k?


Living in San Diego on a $50,000 income is indeed challenging due to its high cost of living, but it's not impossible with the right approach. As discussed in the "ChooseFI" podcast, individuals like Paige have managed to live in high-cost California areas on comparable incomes by being intensely budget-conscious and creative with their living arrangements.

Brad Barrett acknowledges that many hold the limiting belief that living in San Diego on $50,000 per year is unfeasible. However, through creative solutions such as shared housing, and focused budget management, it is achievable. For instance, Paige mentioned living in LA on $30,000 a year, including mortgage and student loans, indicating that with strategic financial management, living in San Diego on $50,000 is possible 1.

Thus, while living in San Diego on a $50k income requires careful planning and potentially significant lifestyle adjustments, it is certainly achievable with the right mindset and strategies.

Overcoming Limiting Beliefs

Brad and Jonathan discuss how limiting beliefs can prevent people from achieving financial independence, and how listeners can learn from those who have found creative solutions to overcome high cost of living areas. They also address the criticism that many guests on the podcast are high earners and share an email from a listener who reached FI in California on a low income.


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