Housing costs in Los Angeles?
A typical home costs
$707,300, which is 109.2% more expensive than the national average of
$338,100 and 3.6% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,830 per month, which is 14.9% cheaper than the national average of
$2,150 and 25.7% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90248), California, a minimum annual income of
$135,360 for a family, and
$57,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90248 Los Angeles, CA is quite high. Rent prices can be quite steep for a single-bedroom apartment, averaging around $1,600 a month. Groceries, transportation, and utilities are also expensive due to the cost of living in the area. While there may be bargains to be found at certain stores or restaurants, overall the costs remain high. Other expenses such as health care and education can add up quickly as well. Despite the higher costs of living, however, many people find that the area has a lot to offer in terms of lifestyle and amenities.