Housing costs in Los Angeles?
A typical home costs
$547,900, which is 62.1% more expensive than the national average of
$338,100 and 25.3% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,000 per month, which is 7.0% cheaper than the national average of
$2,150 and 15.0% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90057), California, a minimum annual income of
$105,120 for a family, and
$62,800 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90057 Los Angeles, CA is quite high. The median home value is $634,403 and the median rent price is $2,385 per month. Additionally, groceries can be expensive as the area has a higher cost of living than most other places in the U.S. On top of that, utilities costs are also high, with electricity costing an average of $161 per month for a single-family home. All in all, it can be difficult to find affordable housing in this area due to its high cost of living.