Housing costs in Los Angeles?
A typical home costs
$999,400, which is 195.6% more expensive than the national average of
$338,100 and 36.3% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,850 per month, which is 14.0% cheaper than the national average of
$2,150 and 24.3% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90008), California, a minimum annual income of
$191,520 for a family, and
$58,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90008 Los Angeles, CA is relatively high compared to many other locations throughout the United States. The median home value is $717,000 and the median monthly rent is $2,500-3,000. It is higher than the national average for both categories. Additionally, the overall cost of living index score for this ZIP code is rated at 176%, meaning it costs nearly double compared to the US average when factoring in housing prices, transportation costs, utility bills and more. Despite these higher costs, those who call 90008 home enjoy a variety of amenities such as easy access to downtown Los Angeles, numerous parks and recreation areas, great shopping and dining options.