Housing costs in Los Angeles?
A typical home costs
$780,900, which is 131.0% more expensive than the national average of
$338,100 and 6.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,970 per month, which is 8.4% cheaper than the national average of
$2,150 and 16.8% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90006), California, a minimum annual income of
$149,760 for a family, and
$62,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90006 Los Angeles, CA is quite high due to its desirable location near Hollywood and the beach. Although housing prices have declined in recent years there are still many luxury apartment buildings and single family homes that command a higher price tag. Groceries, transportation costs, healthcare, utilities, entertainment, and other services tend to be on the higher end as well. Overall, despite the high costs of living in 90006 Los Angeles, CA it remains a desirable place to live with a thriving economy and job opportunities.