Housing costs in Los Angeles?
A typical home costs
$941,200, which is 178.4% more expensive than the national average of
$338,100 and 28.3% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,290 per month, which is 6.5% more than the national average of
$2,150 and close to the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90079), California, a minimum annual income of
$180,360 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90079 Los Angeles, CA is very high. The median home value is $1,213,800, which is more than double the national average. Renting also costs much more than the national average as it has a monthly median rent of $3,550. Additionally, groceries and other goods are generally more expensive than in other parts of the country. All these factors combined make living in this area quite costly and often out of reach for many people.