Assuming a person earning $15 an hour is also working 40 a week, which is rare for a minimum wage employee, and that they're not taking any days off (the City Council considered bundling paid days off with the wage hike, but scrapped the idea), they'd be earning $31,200 a year. An Economic Policy Institute study released in March found that a single, childless person living in Los Angeles has to make $34,324 a year just to live in decent conditions (and that was using data from 2013). A household with one parent and one kid would need to be bringing in $60,600, and it just goes up from there. A childless couple is the exception here: they only need to make $46,750 combined, which would be possible in our imaginary minimum wage scenario…(click below to read more)

Source: Every Single Part of Los Angeles is Unaffordable on $15/Hour – Unaffordable Housing – Curbed LA