Housing costs in Los Angeles?
A typical home costs
$824,900, which is 144.0% more expensive than the national average of
$338,100 and 12.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,160 per month, which is 0.5% more than the national average of
$2,150 and 6.5% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91040), California, a minimum annual income of
$158,040 for a family, and
$68,000 for a single person is recommended.
What does A.I. say about Los Angeles?
91040 Los Angeles, CA has a high cost of living. The median home price is around $964,000 and the median household income is approximately $108,000 per year. Renters in 91040 can expect to pay an average monthly rent of $2,650 for a one-bedroom apartment. Transportation costs are also expensive in this area, with the cost of a single ride on public transportation costing approximately $1.75. Groceries are typically more costly than other parts of the country as well with a loaf of bread costing around $3. Overall, residents in 91040 should be prepared to pay higher prices for most goods and services compared to other areas of California or the United States.