Housing costs in Los Angeles?
A typical home costs
$752,000, which is 122.4% more expensive than the national average of
$338,100 and 2.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,820 per month, which is 15.3% cheaper than the national average of
$2,150 and 26.4% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90710), California, a minimum annual income of
$144,000 for a family, and
$57,200 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90710 Los Angeles, CA is quite high. According to BestPlaces, the estimated cost of living index in 90710 Los Angeles, CA is 115.9 which is 15.9% higher than the United States average of 100. Housing prices are particularly high with median home prices at close to $1 million dollars and the median rent per month for a one-bedroom apartment at around $2,000. Groceries and restaurants are also more expensive compared to other areas due to the area's higher demand for goods and services. Transportation costs can also be pricey as gas prices tend to be higher than average and public transportation fares are often expensive too. All in all, living in 90710 Los Angeles, CA can be costly but many people find that it's worth it due to its many amenities and attractions such as its shopping centers, beaches, parks, entertainment venues and much more.