Housing costs in Los Angeles-Long Beach-Anaheim?
A typical home costs
$847,200, which is 150.6% more expensive than the national average of
$338,100 and 15.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles-Long Beach-Anaheim costs
$2,300 per month, which is 60.8% more than the national average of
$1,430 and 6.5% more than the state average of
$2,150.
Can I afford Los Angeles-Long Beach-Anaheim?
To live comfortably in Los Angeles-Long Beach-Anaheim Califor Metro Area, California, a minimum annual income of
$162,360 for a family, and
$73,600 for a single person is recommended.
What does A.I. say about Los Angeles-Long Beach-Anaheim?
The cost of living in the Los Angeles-Long Beach-Anaheim, CA Metro Area is significantly higher than the US average. This is reflected in the median house value, which stands at $847200 compared to the nation's average of $338100. The cost of living index for this area is 166.6 which is 66.6% higher than the rest of the country. This exorbitant cost of living is largely due to high housing costs and expensive amenities such as taxes, utilities, groceries, healthcare, transportation and entertainment services being more expensive than what people experience in other parts of the United States.