Housing costs in Los Angeles?
A typical home costs
$3,456,400, which is 922.3% more expensive than the national average of
$338,100 and 371.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$3,410 per month, which is 58.6% more than the national average of
$2,150 and 32.6% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90272), California, a minimum annual income of
$662,400 for a family, and
$107,200 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90272 Los Angeles, CA is quite high, with the estimated median home value being $1.3 million. Rent prices can also be steep, with a one bedroom averaging around $2,500 per month. Groceries, utilities and transportation are also relatively expensive compared to many other cities. Despite the higher costs associated with living here, there are still many people who decide to call this beautiful city home. With its beaches, attractions and mild year-round climate, you can see why people might still opt to live here despite the hefty cost of living.