Housing costs in Los Angeles?
A typical home costs
$888,700, which is 162.9% more expensive than the national average of
$338,100 and 21.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,410 per month, which is 12.1% more than the national average of
$2,150 and 4.6% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90071), California, a minimum annual income of
$170,280 for a family, and
$75,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90071 Los Angeles, CA is notoriously high due to its proximity to the city center. The median home price for this neighborhood stands at an estimated $715,000 and rent averages around $3,000 per month. Food and transportation costs are also among the most expensive in the area as well as utilities. Despite higher costs, 90071 offers a variety of local amenities, great restaurants, nightlife options and cultural attractions that make it worth it for many people who call it home.