Housing costs in Los Angeles?
A typical home costs
$852,700, which is 152.2% more expensive than the national average of
$338,100 and 16.3% 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 90018), California, a minimum annual income of
$163,440 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 90018 Los Angeles, CA is quite high. Rent prices for a one-bedroom apartment can range from $2,000 to $3,500 per month. Utilities are also more expensive than many other areas of the country. Groceries can be pricey as well, with prices for basic items like milk being higher than average. Transportation costs can be steep, due to the city's large size and need for public transit or private car ownership. Overall, while living in 90018 Los Angeles can be expensive, there are also plenty of amenities and attractions that make it worth the price of admission.