Housing costs in Los Angeles?
A typical home costs
$983,700, which is 190.9% more expensive than the national average of
$338,100 and 34.1% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,730 per month, which is 27.0% more than the national average of
$2,150 and 15.8% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90021), California, a minimum annual income of
$188,640 for a family, and
$86,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90021 Los Angeles, CA is relatively high due to its close proximity to downtown LA. Rent for a one bedroom apartment averages around $2,000 per month. Groceries and other necessities are also expensive compared to the rest of the country. Gas prices are slightly higher than the national average. Despite these higher costs, there are many benefits to living in this area. It is well connected with public transport, has plenty of entertainment options, and offers a variety of employment opportunities.