Housing costs in Los Angeles?
A typical home costs
$600,400, which is 77.6% more expensive than the national average of
$338,100 and 18.1% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,900 per month, which is 11.6% cheaper than the national average of
$2,150 and 21.1% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90037), California, a minimum annual income of
$115,200 for a family, and
$59,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90037 Los Angeles, CA is relatively high compared to other cities in the US. The median home value is $821,600, which is much higher than the national average of $226,800. Renters in the area can expect to pay an average of $2,400 per month for a one bedroom apartment or $3,100 for a two bedroom apartment. Groceries and other necessities are also costly with an overall cost of living index rating of 144.8. Despite these higher costs, many people choose to live in 90037 as it provides access to excellent job opportunities and amenities that make the area desirable overall.