Housing costs in Los Angeles?
A typical home costs
$896,200, which is 165.1% more expensive than the national average of
$338,100 and 22.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,850 per month, which is 14.0% cheaper than the national average of
$2,150 and 24.3% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90089), California, a minimum annual income of
$171,720 for a family, and
$58,400 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90089 Los Angeles, CA is quite high compared to other areas in the US. The average rental costs for a two-bedroom apartment are around $2,500 per month, and the median home value is over $800,000. Additionally, groceries and other necessities such as gas can be slightly more expensive than in neighboring cities. Despite the higher cost of living, there are many benefits to living in this area; it’s close to downtown and surrounded by many tourist attractions. Additionally, there are numerous job opportunities available due to its proximity to Hollywood and Silicon Beach tech companies.