Housing costs in Los Angeles?
A typical home costs
$1,351,300, which is 299.7% more expensive than the national average of
$338,100 and 84.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$3,040 per month, which is 41.4% more than the national average of
$2,150 and 24.3% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90045), California, a minimum annual income of
$258,840 for a family, and
$95,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90045 Los Angeles, CA is quite high. According to BestPlaces, the cost of living index for 90045 is 113.00, which is significantly higher than the US national average of 100. Housing prices are particularly steep, with a median home price of over $1 million dollars. Cost of basic utilities such as electricity and water are also much higher than the US average, with most households spending upwards of $200 per month on utilities. Although groceries and dining out may be relatively inexpensive, transportation costs can be quite high due to traffic congestion and parking fees. All in all, residents should expect to pay a premium when it comes to living in 90045 Los Angeles, CA.