Housing costs in Los Angeles?
A typical home costs
$781,300, which is 131.1% more expensive than the national average of
$338,100 and 6.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,920 per month, which is 10.7% cheaper than the national average of
$2,150 and 19.8% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90031), California, a minimum annual income of
$149,760 for a family, and
$60,400 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90031 Los Angeles, CA is on the higher side compared to other cities. The median household income is $46,735 and the median home value is around $563,000. The housing market in this area is quite competitive and can be very expensive for those looking to buy property. Renters have a variety of options, but may find themselves paying more than they would prefer in order to secure a place to live. Groceries, transportation costs, and other expenses also tend to be higher than average when living in this part of Los Angeles.