Housing costs in Los Angeles?
A typical home costs
$847,500, which is 150.7% more expensive than the national average of
$338,100 and 15.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,070 per month, which is 3.7% cheaper than the national average of
$2,150 and 11.1% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90016), California, a minimum annual income of
$162,360 for a family, and
$65,200 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90016 Los Angeles, CA is fairly expensive, as it is located in one of the most sought-after parts of the city. Housing prices are high, with an average two bedroom apartment costing around $2,300 per month. Groceries, transportation and entertainment expenses can also add up quickly. However, since this area is so close to downtown LA and other popular attractions like Hollywood, many people find that the higher prices are worth it for the convenience and access to all that the city has to offer.