Depends on where you want to live. Near the cities where there's work to be had or within 20 miles or so of any beach, ridiculously expensive (unless you live in a bad neighborhood, where it's only quite expensive). But if you don't mind living 60 miles outside the city limits, where the biggest businesses are usually the production of crystal meth, you can still buy some houses for under 200 grand, and rent a one-bedroom apartment for under $700/month.
We live in a so-so area of LA, and even with an annual income of about $100K we're living in a smaller old house, driving older cars and can't afford any toys.
