Housing costs in Los Angeles?
A typical home costs
$1,502,400, which is 344.4% more expensive than the national average of
$338,100 and 104.8% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,880 per month, which is 34.0% more than the national average of
$2,150 and 20.1% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90046), California, a minimum annual income of
$288,000 for a family, and
$90,400 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90046 Los Angeles, CA is quite high compared to the rest of the country. The average rent for a one bedroom apartment is around $2,500 and groceries can be expensive as well. Taxes are higher than other parts of California, but this is offset by the fact that many businesses offer tax incentives to residents. Transportation costs can vary depending on what type of vehicle you own, but generally speaking public transportation is reliable and affordable with a monthly pass costing around $100. In general, the cost of living in 90046 Los Angeles, CA can be expensive but there are many ways to save money if you know where to look.