Housing costs in Beverly Hills?
A typical home costs
$3,525,600, which is 942.8% more expensive than the national average of
$338,100 and 380.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Beverly Hills costs
$3,180 per month, which is 122.4% more than the national average of
$1,430 and 32.4% more than the state average of
$2,150.
Can I afford Beverly Hills?
To live comfortably in Beverly Hills, California, a minimum annual income of
$675,360 for a family, and
$100,000 for a single person is recommended.
What does A.I. say about Beverly Hills?
The cost of living in Beverly Hills, CA is quite high, with an overall cost of living index rating of 176.6, which is nearly 80% higher than the national average. Housing costs are particularly high in Beverly Hills, as the median home value is over $2 million dollars. With such a steep price tag, it's no surprise that most residents rent instead of buy. In addition to housing costs, other essential expenses like food and transportation are also more expensive in Beverly Hills than most other places in the US. All this said, if you can afford to live here then you’ll have access to some of the best shopping and dining options available anywhere.