Housing costs in Los Angeles?
A typical home costs
$828,200, which is 145.0% more expensive than the national average of
$338,100 and 12.9% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,090 per month, which is 2.8% cheaper than the national average of
$2,150 and 10.0% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91042), California, a minimum annual income of
$158,760 for a family, and
$66,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91042 Los Angeles, CA is fairly high. Rent alone can range from anywhere between $1,800 and $3,000 for a one bedroom apartment. Groceries and other daily necessities are also more expensive than the national average. Transportation costs such as gas and car insurance can be hefty as well. Utility bills are also a major expense due to the warm climate of California. Although many find these prices to be daunting, living in the sunny city of Los Angeles often provides enough cultural and economic opportunities to offset the costs of living.