Housing costs in Long Beach?
A typical home costs
$856,300, which is 153.3% more expensive than the national average of
$338,100 and 16.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Long Beach costs
$2,220 per month, which is 3.3% more than the national average of
$2,150 and 3.6% cheaper than the state average of
$2,300.
Can I afford Long Beach?
To live comfortably in Long Beach (zip 90831), California, a minimum annual income of
$164,160 for a family, and
$69,600 for a single person is recommended.
What does A.I. say about Long Beach?
The cost of living in 90831 Long Beach, CA is slightly higher than the national average. According to BestPlaces, the city's overall cost of living index is 115.1, which is 15.1% higher than the US average. This includes groceries (9.2% higher), housing (24.5% higher), and transportation (12.6% higher). Renting an apartment in Long Beach can cost anywhere from $1000-$3000 a month depending on size and location; however, if you own a home, you may benefit from lower taxes and relatively affordable mortgage rates compared to other cities in California. In addition to being one of the most expensive cities in California, Long Beach also has some of the highest sales tax rates at 9.5%.