Housing costs in Los Angeles?
A typical home costs
$727,700, which is 115.2% more expensive than the national average of
$338,100 and 0.8% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,600 per month, which is 20.9% more than the national average of
$2,150 and 11.5% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91345), California, a minimum annual income of
$139,320 for a family, and
$81,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91345 Los Angeles, CA is relatively high compared to other parts of the United States. While the median household income is a favorable $93,571, the median home value is a hefty $739,000 and rental prices can be quite expensive. The average price for a one-bedroom apartment is around $1,850 per month and the average price for a three-bedroom apartment is around $3,500 per month. Transportation costs are also higher than the national average due to the city's large size and distant suburbs. Overall, it's important to consider your budget when looking to move into this part of Los Angeles.