Housing costs in Los Angeles?
A typical home costs
$1,384,000, which is 309.3% more expensive than the national average of
$338,100 and 88.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$3,390 per month, which is 57.7% more than the national average of
$2,150 and 32.2% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90024), California, a minimum annual income of
$265,320 for a family, and
$106,400 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90024 Los Angeles, CA is typically higher than the national average and varies depending on one’s lifestyle and other factors. The median home price in this area is approximately $1,727,000, well above the median in Los Angeles County as a whole. Renting an apartment or house is similarly expensive with the estimated median for rent being approximately $2,250 per month. Groceries, utilities, and transportation can be quite pricey too. All in all, living in 90024 Los Angeles, CA can be quite costly but its proximity to beautiful beaches and great shopping make it an attractive place to live for many people.