Housing costs in Los Angeles?
A typical home costs
$977,300, which is 189.1% more expensive than the national average of
$338,100 and 33.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,390 per month, which is 11.2% more than the national average of
$2,150 and 3.8% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90005), California, a minimum annual income of
$187,200 for a family, and
$75,200 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in Los Angeles, CA 90005 is quite high. Rent prices are among the highest in the country, and transportation costs add up quickly due to the large distances between neighborhoods. Groceries and other basic necessities also tend to be more expensive than other parts of the country. While there are places to find deals, overall living in this part of Los Angeles can be pricey. Fortunately, many people living here have access to a variety of entertainment options that make it worthwhile despite the high costs.