Housing costs in Downey?
A typical home costs
$745,600, which is 120.5% more expensive than the national average of
$338,100 and 1.6% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Downey costs
$2,280 per month, which is 59.4% more than the national average of
$1,430 and 5.7% more than the state average of
$2,150.
Can I afford Downey?
To live comfortably in Downey, California, a minimum annual income of
$142,920 for a family, and
$71,600 for a single person is recommended.
What does A.I. say about Downey?
Downey is situated within California's Los Angeles area offering residents medium-priced living options compared to its neighboring cities like Long Beach or Santa Monica. Median home values rest around $450K with rental costs right around $1,500 per month - both comparatively lower than more expensive areas across the golden state. Groceries also come in 3% under United States averages due largely to local taxes & regulations while sales tax provisionally stands at 8%.