Housing costs in Los Angeles?
A typical home costs
$561,300, which is 66.0% more expensive than the national average of
$338,100 and 23.5% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,890 per month, which is 12.1% cheaper than the national average of
$2,150 and 21.7% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90059), California, a minimum annual income of
$107,640 for a family, and
$59,200 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90059 Los Angeles, CA is quite high. The median home value is around $700,000 and rent for a one-bedroom apartment can be upwards of $2,500 per month. Groceries, utilities, transportation costs and other expenses can add up quickly. Despite the high cost of living and housing in the area, many people still choose to live in 90059 due to its convenience to major highways as well as its close proximity to downtown Los Angeles and some of the city's best attractions.