Housing costs in Los Angeles?
A typical home costs
$2,622,300, which is 675.6% more expensive than the national average of
$338,100 and 257.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$3,290 per month, which is 53.0% more than the national average of
$2,150 and 30.1% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90049), California, a minimum annual income of
$502,560 for a family, and
$103,200 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90049 Los Angeles, CA is quite high. This is due to the fact that the area is within close proximity to amenities such as shopping malls, restaurants, and entertainment venues. The median home value in 90049 comes in at $1,816,800 according to Zillow and this number continues to rise with time. Other costs such as gas, groceries, and utilities can also be high when compared with other areas around Los Angeles, CA. Despite the high costs associated with living in 90049, it remains a desirable location for many people seeking an upscale lifestyle.