r/Moving2SanDiego • u/Dizzy_External2549 • 15d ago

Is 30k enough

hi i’m 22 and planning on moving to sd in late august with 30k in savings. i’m planning on getting two jobs and a 1b 1bath apartment. obviously i’d need two jobs for a year or two then i want to do online college for a better paying job do you think that is doable?

1 Upvotes

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u/anothercar 15d ago

Landlords are more interested in your income than your savings, if that makes sense. They will require proof of income (such as a job offer letter or paystubs) in order to give you a lease to sign. The requirement is that you make 3x or sometimes 2.5x the monthly rent each month. They aren't interested in savings bc you can just spend that any time. They want to know that you constantly have enough new money coming in every month so you'll always be able to pay for the rent continuously.

So, Step 1 is to get job offer letters, so you'll have enough proof of income to be eligible to apply for the apartment. Then you move on from there.

30k is a good amount to have in your bank account by 22 though! Congrats!

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u/ThePasswordForgettor 15d ago

One little addendum to the above: it is possible to rent using savings, but it requires a big chunk.

The places I talked to took base rent, multiplied that by 2.5 or 3 to get minimum monthly income, then multiplied that by 12 or 24 (1-2 years) to get the minimum level of assets they wanted to see.

So for a $3k/mo apartment, they needed to see between $90k and 216k, sitting in an account, with some past statements to show that it's been there for a while.

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u/mrsclapy 14d ago

Not all, I got accepted with just a savings

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u/Nahgloshi 15d ago

Definitely line up at least one job before moving here or you’ll burn through that money real quick.

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u/Dizzy_External2549 15d ago

i have a question. should i be there for interviews in person? or would they interview me over the phone? the jobs im looking for are hotels/restaurants, etc .

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u/marrymeodell 14d ago

The hospitality industry will not hire you over the phone so you definitely need to be here to do in person interviews. Finding a job (any job) is really tough right now though.

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u/ThePasswordForgettor 15d ago

If you're looking for a role that hires locally, you might want to consider getting an AirBNB for a month, and using that month to land a job, so you can then switch to a (lower cost) apartment.

It's off-season, so the costs wouldn't be that horrible.

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u/straightshooter62 15d ago

Yea but the restaurant business isn’t really hiring right now either.

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u/ThePasswordForgettor 15d ago

That's a good point. It's worth trying to line-up at least a few in-person interviews before shelling out that money.

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u/Adorable_Brute97 11d ago

If you need a few shifts you can download Instawork they are mostly hospitality or warehouse like jobs in San Diego. You don't have to interview for these positions you just need to have the food handlers license or whatever prior to the shift. It came in handy when I was in between jobs or struggled to find some work during covid.

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u/crawler54 15d ago

you'll want to rent a room, because apartment prices are insanely high, you should be able to look that up online.

even renting a room could be $800+ a month these days, everyone wants to live out here.

do you have any idea where in san diego county you'll want to live?

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u/[deleted] 14d ago

You’re gonna be stressed and not live the part of sd you want or you’ll have 5 housemates with a slumlord 

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u/Prime624 14d ago

Why? Why choose to move here if it means having to work two jobs and still struggling to afford a small apartment?

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u/pheelgood 14d ago

Because living in a large majority of different places in this country is awful and depressing

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u/Prime624 14d ago

Sure, but why pick one of the most expensive? Living in constant anxiety about money is also depressing. The upper Midwest for example is cheap and nice.

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u/Rascal2pt0 14d ago

I'd do the beach and safe parking lot at night van lot if i were a young single person. Get a PO box; but a convered ford transit camper and lookup the monitored parking lots we have for evening parking.

If you want more stability rent a room with some other people roughly your age. With that you could possibly negotiate a sub-lease or lease thru a rental office and pay a year up front (think between 9600 and 12000) which is a chunk of your savings but a lot of people are willing to negotiate with rent up front. You just have no recourse after that if the landlord is a problem. If you're planning on college already there's also on campus housing options too; I don't know if those are cheaper or not.

If your more flexible a little bit north our outside of the coastal area you may be able to get something more affordable. In the city or near the coast is more expensive.

Be sure to have a floor on your savings that you're willing to give up the dream on, if it doesn't work out something like "If my savings drops to 10k I move somewhere cheaper" and then try again.

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u/nomadsanonymous 14d ago

You could live in a van for that much. I'm not being cheeky... I think van life can be a great stepping stone in an expensive city. I wouldn't own a home today if I hadn't sacrificed and did the van thing for 2 years. Good luck whatever you decide

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u/ronj1983 14d ago

You got this easily, especially if you have a reliable car. Dominos pays $20hr plus tips. Subway pays $20hr too. Go live out in East County. After rent and utilities, internet etc. you can be under $2,000 for sure.Full time at Dominos you can net almost $1,000 a week after taxes, gas and tips depending on the location.