Los Angeles, California
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Living in Los Angeles, California comes with a high cost of living. The median household income is $62,474 and the average cost of a house is $639,800. These costs are higher than both the national average and the state average. Rent is also on the rise with an average one-bedroom apartment renting for $2,133 per month. Gas prices and car insurance rates are significantly higher than in other parts of California and transportation costs tend to be higher due to traffic congestion. Groceries are affordable but entertainment such as going out to eat or seeing a movie can become expensive when factoring in taxes and tips. Overall, Los Angeles has a high cost of living that requires budgeting and financial planning to make ends meet.Our cost of living indices are based on a US average of 100. An amount below 100 means Los Angeles is cheaper than the US average. A cost of living index above 100 means Los Angeles, California is more expensive.
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