Housing costs in Los Angeles?
A typical home costs
$612,800, which is 81.2% more expensive than the national average of
$338,100 and 16.5% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,970 per month, which is 8.4% cheaper than the national average of
$2,150 and 16.8% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90047), California, a minimum annual income of
$117,360 for a family, and
$62,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90047, Los Angeles, CA is higher than the national average due to the high prices of housing and other essential goods and services. The median home price in 90047 is over $700,000, significantly higher than most other areas in the US. Rent is also much more expensive than average, with an average rent price of around $2,400 per month for a one-bedroom apartment. Prices for food, transportation, healthcare, utilities, and other basic necessities are all higher than the national averages as well. Although it can be expensive to live in Los Angeles' 90047 zip code area, there are many advantages to living in such an iconic city that can make up for the increased costs.