Housing costs in Los Angeles?
A typical home costs
$644,100, which is 90.5% more expensive than the national average of
$338,100 and 12.2% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,390 per month, which is 11.2% more than the national average of
$2,150 and 3.8% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91303), California, a minimum annual income of
$123,480 for a family, and
$75,200 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91303 Los Angeles, CA is quite high compared to other parts of the country. The overall cost of goods and services is 35.3 percent higher than the national average. Housing costs are particularly high due to the competitive market in the area, with an average price per square foot for homes being $456. Additionally, transportation costs are 15 percent higher than the national average due to limited public transportation options throughout the area. This coupled with food and medical expenses that are both 5 percent higher than the national average can make day-to-day living a challenge for many residents in 91303 Los Angeles, CA.