Housing costs in Los Angeles?
A typical home costs
$693,900, which is 105.2% more expensive than the national average of
$338,100 and 5.4% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,350 per month, which is 9.3% more than the national average of
$2,150 and 2.1% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90020), California, a minimum annual income of
$132,840 for a family, and
$73,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in Los Angeles' 90020 zip code is high compared to the rest of the US. According to BestPlaces, housing costs are more than double the national average, while goods and services and groceries are also above the national average. The median rent for a one bedroom apartment is $2,500 per month, making it difficult for even those earning an average income to afford rent in this area. Additionally, transportation costs in this zip code can be higher than other areas due to its proximity to LAX airport and public transportation expenses like metro fares.