Housing costs in Los Angeles?
A typical home costs
$544,000, which is 60.9% more expensive than the national average of
$338,100 and 25.8% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,920 per month, which is 10.7% cheaper than the national average of
$2,150 and 19.8% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90058), California, a minimum annual income of
$104,400 for a family, and
$60,400 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90058 Los Angeles, CA is quite high. Housing costs are particularly expensive, with the median home value being $973,292 and the median rent being $3,640 per month. Other costs such as groceries and health care are also significantly more expensive than the national average. This is largely due to the high demand for goods and services in this densely populated area of California. Despite this higher cost of living, 90058 Los Angeles offers residents a variety of cultural activities and attractions that make up for the higher price tag.