Housing costs in Los Angeles?
A typical home costs
$796,100, which is 135.5% more expensive than the national average of
$338,100 and 8.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,220 per month, which is 55.2% more than the national average of
$1,430 and 3.2% more than the state average of
$2,150.
Can I afford Los Angeles?
To live comfortably in Los Angeles Califor County, California, a minimum annual income of
$152,640 for a family, and
$70,000 for a single person is recommended.
What does A.I. say about Los Angeles?
Living in Los Angeles, CA County is much more expensive than the US average. The house median value in Los Angeles is over double the national average, at $796,100 compared with $338,100, and the cost of living index for Los Angeles is nearly 62% higher than the US average. With such an expensive cost of living it is no wonder that many people flock to Los Angeles for its many job and entertainment opportunities. Although it may be expensive, living in Los Angeles can offer you a unique experience that you won't find almost anywhere else.