Housing costs in Los Angeles?
A typical home costs
$1,022,600, which is 202.5% more expensive than the national average of
$338,100 and 39.4% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,100 per month, which is 2.3% cheaper than the national average of
$2,150 and 9.5% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90029), California, a minimum annual income of
$195,840 for a family, and
$66,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90029 Los Angeles, CA is high compared to many areas in the United States. Housing costs are particularly expensive, with a median home price of nearly $1 million. Renters need to budget for an average monthly rent of almost $3,200. However, the area boasts a variety of amenities like grocery stores, restaurants, and other services that provide convenience for residents. Additionally, transportation costs can be kept low by taking advantage of public transit options such as the Los Angeles Metro and Metrolink. Despite the high cost of living in this area, it remains an attractive destination due to its desirable climate and proximity to popular attractions like Hollywood and beaches.