Would it be realistic for me to move out?
Hi, I'm trying to see if it would be financially feasible for me to move out to a studio space in Los Angeles. I'm currently living rent-free with my family, but the mental toll of living with someone who has a debilitating, chronic mental disorder has completely fried my nervous system. I've been going to therapy to find better coping strategies, but I think the ultimate solution would be to move out if it's possible.
I make $27 an hour, and I've been looking at some studio apartments in the $1300-1450 range. There aren't a lot in that price range, but I did manage to find a couple. My monthly expenses right now range from $800 to $1,200. I drive an EV, so gas prices are not a concern for me. Most of my income every month goes towards my emergency fund, sinking funds, IRA contributions, and my brokerage because I want to reach COAST FIRE by 33-35 as a 27 y/o.
With the rising costs of living and potential increases in rent, I'm worried that I'd be making a huge financial mistake by moving out or that I'd end up running out of money due to it all going to rent/utilities/groceries.
401k: $3k
ROTH + Rollover: $53k
HYSA (with my emergency fund + sinking funds): $14k
Brokerage: $25k
Should I move out?