Housing costs in Downey?
A typical home costs
$774,100, which is 129.0% more expensive than the national average of
$338,100 and 5.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Downey costs
$2,320 per month, which is 7.9% more than the national average of
$2,150 and close to the state average of
$2,300.
Can I afford Downey?
To live comfortably in Downey (zip 90240), California, a minimum annual income of
$148,320 for a family, and
$72,800 for a single person is recommended.
What does A.I. say about Downey?
The cost of living in 90240 Downey, CA is relatively high compared to the national average. The median home value in 90240 is $553,700 - over twice the national average - while rent and utilities are 30% higher than the US average. Other basic expenses like groceries, health care, and transportation tend to be higher than other parts of the country as well. Despite this, the area is still popular with families and young professionals due to its close proximity to downtown Los Angeles and a variety of employment opportunities.