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I have a hard time believing that you can find a good place to live at that price, however I don't live down in SoCal, so I could be wrong. A lot of the Southern California area is definitely quite expensive to live in, much like the SF Bay Area.
I'd definitely go visit both northern and southern california before you make your decision though, because I know I'd not want to live anywhere in the LA area, but that's just a personal preference of mine. Many people who love southern california feel the same way about the bay area.
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