Housing costs in Los Angeles?
A typical home costs
$605,900, which is 79.2% more expensive than the national average of
$338,100 and 17.4% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,860 per month, which is 13.5% cheaper than the national average of
$2,150 and 23.7% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90744), California, a minimum annual income of
$115,920 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90744 Los Angeles, CA is notoriously high. The housing market is particularly expensive, with median home prices topping $700,000. Even rentals can be costly, with studio apartments averaging around $1,400/month and larger units costing more than double that. Despite this, the area offers a plethora of amenities that help offset the costs, from excellent access to public transport to its proximity to some of California's best beaches and other attractions. With careful budgeting, it is possible to live comfortably in 90744 Los Angeles without breaking the bank.