Housing costs in Los Angeles?
A typical home costs
$1,222,200, which is 261.5% more expensive than the national average of
$338,100 and 66.6% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,270 per month, which is 5.6% more than the national average of
$2,150 and close to the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90041), California, a minimum annual income of
$234,360 for a family, and
$71,200 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90041 Los Angeles, CA is high compared to other cities throughout the United States. The average home price in 90041 is over $800,000, with many homes reaching well over one million dollars. Rent can range from as little as $900 for a small studio apartment to several thousand dollars for larger homes or condos. Groceries and utilities are also expensive in this area, with an average monthly utility bill ranging from $150-$200. Other necessities such as gas prices, dining out and entertainment can also be expensive in this area. Despite the high cost of living, it remains a desirable place to live due to its close proximity to beaches and other attractions that make up the vibrant city of Los Angeles.