Housing costs in Los Angeles?
A typical home costs
$1,624,700, which is 380.5% more expensive than the national average of
$338,100 and 121.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,970 per month, which is 38.1% more than the national average of
$2,150 and 22.6% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90068), California, a minimum annual income of
$311,400 for a family, and
$93,200 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90068 Los Angeles, CA is relatively high compared to other parts of the country. The median home value is $776,100 and the median rent is $2,231, both significantly higher than the national average. Utility costs such as electricity, heating, and water can be expensive as well due to the cost of living. This area also has a higher cost of goods and services such as gas, food, and clothing. Despite these costs, many people are attracted to this area due to its close proximity to downtown Los Angeles and its great weather year-round.