salary information

Salary Information for a Corporate Counsel in Los Angeles, CA

Median salary:

This data reflects Total Cash for a Level 3 Corporate Counsel at a mid-size company. To get more detailed information on total compensation for the role of Corporate Counsel in Los Angeles, CA, including base pay, total cash, and equity by job level, region and company size, please join OpenComp.

Behind the numbers

What is the adjusted total comp for a Corporate Counsel in Los Angeles, CA?

Total Comp (TC)

Cost of Living (COL) Index

COL-Adjusted TC

Median Home Price

75.7

Total Comp (TC)

Cost of Living (COL) Index

75.7

COL-Adjusted TC

Median Home Price

What are the responsibilities of a Corporate Counsel in Los Angeles, CA?

Corporate counsels (or in house counsel) are lawyers who work directly for a business or company. Rather than working for a variety of clients, they devote all their talents and energy to their employer. They provide legal protection and services to a company as a whole in addition to its employees

What are the characteristics of a level 3 Corporate Counsel?

A level 3 Corporate Counsel in Los Angeles, CA is a seasoned professional with competence, creativity in wide range of technical areas. They resolves most issues and problems effectively. Average experience 5.5 years.

Quality of Life in Los Angeles, CA on a $179,100 Annual Income

Overview

Living in Los Angeles with an annual income of $179,100 offers a distinctive quality of life influenced by the city's high cost of living, vibrant culture, and access to diverse amenities. Below is an assessment of the key aspects affecting quality of life in Los Angeles.

Cost of Living

Comparison to National Average: The cost of living in Los Angeles is significantly higher than the national average, driven by elevated housing, transportation, and food costs.
Necessary Budget Adjustments: Individuals must allocate more of their income to basic expenses compared to many other U.S. cities, potentially restricting discretionary spending.

Housing Market

Median Home Prices: As of recent estimates, the median home price in Los Angeles is substantially higher than the U.S. median. Homeownership could be challenging with this income unless substantial savings or financial planning are employed.
Rental Market: Renting remains a popular option, but rental prices are steep, necessitating a significant portion of income, particularly for accommodations in desirable neighborhoods.

Quality of Life

Lifestyle Opportunities: With diverse dining, shopping, and entertainment options, individuals can enjoy a vibrant, culturally rich lifestyle.
Outdoor Spaces: Access to beaches, parks, and hiking trails offers numerous recreational opportunities, enhancing mental and physical wellbeing.

Access to Healthcare

Healthcare Facilities: Los Angeles hosts some of the country's best hospitals and medical facilities, providing excellent access to healthcare services.
Insurance Costs: Due to the high cost of living, healthcare insurance premiums might be higher, impacting overall disposable income.

Quality of K-12 Schools

Public School Variability: Quality and performance of public schools in Los Angeles can vary widely, depending on the neighborhood.
Private Education Options: Numerous prestigious private schools are available but come with high tuition costs, requiring a substantial income allocation.

Summary

Living in Los Angeles on a $179,100 salary offers a comfortable but financially demanding lifestyle. The high cost of living, particularly related to housing, requires careful financial planning. The city’s wealth of cultural, recreational, and educational opportunities can enhance the quality of life, provided individuals can navigate the financial challenges associated with residing in such a dynamic metropolis.

What is OpenComp? OpenComp provides innovative solutions for compensation management. Organizations use OpenComp to:

OpenComp aggregates multiple data sources to provide accurate salary data for Los Angeles, CA, specifically for a Level 3 Corporate Counsel. The primary source is real-time, crowd-sourced salary information collected through direct integrations with hundreds of customer-connected HRIS platforms.