Housing costs in Lomita?
A typical home costs
$846,100, which is 150.3% more expensive than the national average of
$338,100 and 15.4% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Lomita costs
$2,140 per month, which is 49.7% more than the national average of
$1,430 and close to the state average of
$2,150.
Can I afford Lomita?
To live comfortably in Lomita, California, a minimum annual income of
$162,000 for a family, and
$67,200 for a single person is recommended.
What does A.I. say about Lomita?
The cost of living in Lomita, CA is quite high when compared to the national average. Living costs including housing, food, and entertainment are significantly higher than the national average. People who are looking for an affordable place to live should look elsewhere. The median home value is over $600,000 and the median rental price is approximately $2,200 per month. This can be quite expensive for those on a budget. Additionally, because of its close proximity to Los Angeles and Orange County, it has become increasingly popular which has driven up costs even further. Despite the high cost of living in Lomita, CA it still remains an attractive destination for those looking for some of the best beaches in Southern California and great weather year-round.