Housing costs in Los Angeles?
A typical home costs
$908,100, which is 168.6% more expensive than the national average of
$338,100 and 23.8% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,680 per month, which is 24.7% more than the national average of
$2,150 and 14.2% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91316), California, a minimum annual income of
$173,880 for a family, and
$84,400 for a single person is recommended.
What does A.I. say about Los Angeles?
91316 Los Angeles, CA has a high cost of living compared to the national average. According to BestPlaces, the overall expense index is 101.50, which is much higher than the US average of 100. Housing costs in 91316 are particularly expensive, with an average monthly rent for three-bedroom apartments sitting at $3,837. According to Sperling's Best Places, transportation expenses in 91316 are also quite costly with an estimated monthly transportation cost of $159. Food costs are about the same as the nationwide average; however, utilities tend to be more expensive. Overall, living in 91316 Los Angeles comes with a hefty price tag that may be out of reach for many people.