Housing costs in Los Angeles?
A typical home costs
$937,400, which is 177.3% more expensive than the national average of
$338,100 and 27.8% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$3,430 per month, which is 59.5% more than the national average of
$2,150 and 32.9% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91307), California, a minimum annual income of
$179,640 for a family, and
$108,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91307 Los Angeles, CA is quite high compared to other areas across the United States. The median home value is $664,853, making it one of the most expensive cities for real estate. Renters should be prepared to pay a hefty amount for monthly rent too, with a median rental price of $2,695 per month. The overall cost of living including groceries and transportation can push up the total cost considerably. Those looking to move to this area should take into account the high cost of living before making a decision.