Housing costs in Los Angeles?
A typical home costs
$564,400, which is 66.9% more expensive than the national average of
$338,100 and 23.1% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,910 per month, which is 11.2% cheaper than the national average of
$2,150 and 20.4% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90003), California, a minimum annual income of
$108,000 for a family, and
$60,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90003 Los Angeles, CA is quite high. According to BestPlaces, the average rent for a one-bedroom apartment in this area is around $1,850 per month. Additionally, basic utilities such as electricity and water are estimated to cost around $150 per month. The cost of groceries in 90003 Los Angeles, CA is also relatively expensive compared to the national average, with the estimated monthly cost for food for one person ranging from $300-$400 per month. All in all, while living in this area can be expensive, it can also provide residents with plenty of amenities and attractions that make it worth the investment.