Housing costs in Los Angeles?
A typical home costs
$775,000, which is 129.2% more expensive than the national average of
$338,100 and 5.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,210 per month, which is 2.8% more than the national average of
$2,150 and 4.1% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90731), California, a minimum annual income of
$148,320 for a family, and
$69,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in the 90731 area of Los Angeles, CA is not cheap. Rent for a one-bedroom apartment can average around $2,000 per month. Groceries, restaurants, and entertainment are also quite expensive due to the high demand for all services in this city. Transportation costs can add up due to gas prices and the need to use public transportation if you choose not to own a car. Fortunately, there are some bargains to be had with local shopping options in many neighborhoods. All in all, those looking for an urban lifestyle will find it here but should expect to pay more than just about anywhere else in California.