Housing costs in Los Angeles?
A typical home costs
$970,000, which is 186.9% more expensive than the national average of
$338,100 and 32.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,320 per month, which is 7.9% more than the national average of
$2,150 and close to the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91401), California, a minimum annual income of
$185,760 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91401 Los Angeles, CA is quite high compared to the national average. Home prices are significantly higher than the rest of the country, with a median price of around $820,000. Rent is also quite expensive, with an average monthly rent of $2,250 for a one bedroom apartment and $3,000 for a two bedroom apartment. Utilities such as gas and electricity can be even more costly in Los Angeles due to its size and population density. Groceries and other necessities are similarly priced to the rest of California’s cities. Overall, living in 91401 Los Angeles requires significant financial resources to maintain a comfortable lifestyle.