Housing costs in Los Angeles?
A typical home costs
$855,900, which is 153.1% more expensive than the national average of
$338,100 and 16.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,720 per month, which is 26.5% more than the national average of
$2,150 and 15.4% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91311), California, a minimum annual income of
$164,160 for a family, and
$85,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91311 Los Angeles, CA is significantly higher than the national average. Home prices are significantly higher, with the median home value estimated at $653,100 for 2019. Renters can expect to pay an average monthly rent of $2,275 for a two-bedroom apartment. Groceries, transportation and healthcare costs are also more expensive than the national average. Despite the higher cost of living relative to other cities and states, most residents feel that the quality of life and amenities available in 91311 Los Angeles more than make up for the expense.