Housing costs in Los Angeles?
A typical home costs
$1,070,000, which is 216.5% more expensive than the national average of
$338,100 and 45.9% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,380 per month, which is 10.7% more than the national average of
$2,150 and 3.4% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90038), California, a minimum annual income of
$204,840 for a family, and
$74,800 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90038 Los Angeles, CA is quite high compared to many other parts of the country. The median home value is $940,000 and the average rental price for a one-bedroom apartment is around $2,300 per month. Groceries, transportation and health care expenses are all higher than the national average. Utilities can be especially costly due to the hot climate in this part of Southern California. Although it can be expensive to live in 90038 Los Angeles, CA, there are plenty of amenities and activities available that make it an enjoyable place to call home.