Housing costs in Los Angeles?
A typical home costs
$761,300, which is 125.2% more expensive than the national average of
$338,100 and 3.8% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,830 per month, which is 14.9% cheaper than the national average of
$2,150 and 25.7% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90032), California, a minimum annual income of
$145,800 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90032 Los Angeles, CA is quite high. According to the BestPlaces Cost of Living Index, the average cost of living in the area is around 35% higher than the national average, which makes it one of the more expensive places to live in California. Housing costs are particularly high, with an estimated median price for a home hovering around $934,000. Renters can expect to pay very steep prices on monthly rent as well, with prices hovering around $3,000 for a one-bedroom apartment and upwards of $4,200 for two bedrooms or more. Additionally, transportation costs are also fairly high due to Los Angeles' sprawling layout and heavy traffic.