Housing costs in Los Angeles?
A typical home costs
$936,100, which is 176.9% more expensive than the national average of
$338,100 and 27.6% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,230 per month, which is 3.7% more than the national average of
$2,150 and 3.1% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90042), California, a minimum annual income of
$179,280 for a family, and
$70,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90042 Los Angeles, CA is quite high due to the booming economy and tourist destinations that attract people from around the world. The median home value in this area is nearly $1 million, with rental prices averaging around $2,000 per month. Groceries, transportation, and healthcare are all more expensive than the national average. This may be a difficult area for those without a steady income to afford. However, there are plenty of job opportunities available which can help offset the higher cost of living.