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I have many friends who graduated college with a 4yr degree and make only30k, some can't even find jobs in their fields and have to get jobs outside their field that pay like $14-$15 an hour... 40k for one person in Ca is not "a lot" but it is manageable if you manage your money well and cook and don't eat out a lot and live with roommates instead of getting your own place. But I know in other places such as New Mexico it's a lot since rent there is extremely low.
One of my friends who makes 70k a year didn't even want to buy a house here in OC because it's too expensive, average price is almost 500k here now for a regular house, so he went and bought a house in Vegas... I think it's much cheaper in other states...
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