Housing costs in Los Angeles?
A typical home costs
$541,300, which is 60.1% more expensive than the national average of
$338,100 and 26.2% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,870 per month, which is 13.0% cheaper than the national average of
$2,150 and 23.0% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90061), California, a minimum annual income of
$103,680 for a family, and
$58,800 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90061 Los Angeles, CA is quite high, especially when it comes to housing. The median home value in the zip code is approximately $699,500, making it one of the most expensive areas in the city. Renting an apartment in the area can also be costly, with median rents reaching up to $2,850 per month for a one-bedroom unit. Additionally, transportation costs are also steep; according to BestPlaces the cost of a monthly public transport pass is nearly $90. However, there are some benefits to living in this area such as access to many great restaurants and shops that make the increased expenses worth it for many people.