Housing costs in Downey?
A typical home costs
$819,900, which is 142.5% more expensive than the national average of
$338,100 and 11.8% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Downey costs
$2,210 per month, which is 2.8% more than the national average of
$2,150 and 4.1% cheaper than the state average of
$2,300.
Can I afford Downey?
To live comfortably in Downey (zip 90241), California, a minimum annual income of
$156,960 for a family, and
$69,600 for a single person is recommended.
What does A.I. say about Downey?
Downey, CA is a relatively affordable place to live. The cost of living index for the area is 110.9 which is slightly higher than the national average, but still considered low when compared to other cities in California. Housing costs are significantly below the state median, with median home values being around $400,000 and median monthly rent costing around $1,700. Other expenses such as food and transportation are also lower than the state median, making life in Downey quite affordable.