Housing costs in Los Angeles?
A typical home costs
$657,900, which is 94.6% more expensive than the national average of
$338,100 and 10.3% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,910 per month, which is 11.2% cheaper than the national average of
$2,150 and 20.4% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90062), California, a minimum annual income of
$126,000 for a family, and
$60,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90062 Los Angeles, CA is quite high compared to many other parts of the country. The average apartment rent comes in at around $2,500 per month, while the median home price hovers around $750,000. Additionally, the cost of food and groceries tends to be higher than in other areas due to its proximity to Hollywood. However, with a relatively high median household income, residents of 90062 Los Angeles are better able to afford these costs than those in other cities.