Housing costs in Los Angeles?
A typical home costs
$561,800, which is 66.2% more expensive than the national average of
$338,100 and 23.4% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,860 per month, which is 13.5% cheaper than the national average of
$2,150 and 23.7% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90044), California, a minimum annual income of
$107,640 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90044 Los Angeles, CA can be quite high. Housing prices can be quite steep, with the median home price coming in at around $750,000 and rent averaging around $2,400 a month. Groceries and dining out may also take a sizable chunk out of your budget, as restaurants tend to be on the pricier side. Transportation is also expensive here, with an average monthly cost for public transit of around $100. In addition to these costs, LA has one of the highest overall sales taxes in the country, making most purchases more expensive than they might otherwise be.