Housing costs in East Los Angeles?
A typical home costs
$603,300, which is 78.4% more expensive than the national average of
$338,100 and 17.8% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in East Los Angeles costs
$1,860 per month, which is 30.1% more than the national average of
$1,430 and 15.6% cheaper than the state average of
$2,150.
Can I afford East Los Angeles?
To live comfortably in East Los Angeles, California, a minimum annual income of
$115,560 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about East Los Angeles?
East Los Angeles offers an affordable lifestyle compared to many other areas of California thanks to its relatively low housing costs. Median home prices hover around $400,000 and rent for a one-bedroom apartment is about $1300 per month on average. Other expenses including public transportation (tickets typically cost two dollars each way) and utilities (averaging sixty bucks monthly for electricity use) are also reasonable here as well.