Housing costs in Los Angeles?
A typical home costs
$539,200, which is 59.5% more expensive than the national average of
$338,100 and 26.5% less 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 90011), California, a minimum annual income of
$103,320 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 90011 Los Angeles, CA is relatively high compared to many other locations throughout the United States. Housing costs tend to be quite high as this area is popular and highly sought after due to its close proximity to downtown areas and attractions. Groceries, transportation, health care, and other goods and services also tend to be more expensive than average for the state of California. However, there are still plenty of affordable options for those who are able to do some research and make sure they are getting the best deal.