Housing costs in Los Angeles?
A typical home costs
$623,700, which is 84.5% more expensive than the national average of
$338,100 and 15.0% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,180 per month, which is 1.4% more than the national average of
$2,150 and 5.5% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91402), California, a minimum annual income of
$119,520 for a family, and
$68,400 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91402 Los Angeles, CA is relatively high compared to other parts of the country. The median home price is over $1 million, and the average rent for a one bedroom apartment is close to $2,000 per month. Utilities can be expensive as well, with an average electric bill reaching around $100 per month. The food costs are also higher than in other places; a meal for two at a mid-range restaurant typically ranges between $50-70. Overall, it is significantly more expensive to live in this area than in most other parts of the country.