Housing costs in Los Angeles?
A typical home costs
$800,500, which is 136.8% more expensive than the national average of
$338,100 and 9.1% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,220 per month, which is 3.3% more than the national average of
$2,150 and 3.6% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91406), California, a minimum annual income of
$153,360 for a family, and
$70,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91406 Los Angeles, CA is quite high. This area is home to some of the most expensive real estate in the country, with the median home value standing at over $1.2 million. Rent prices are also fairly steep, and a two-bedroom apartment will typically cost around $2,300 per month. Groceries and other day-to-day expenses can also be expensive here due to the local economy. However, there are still plenty of deals to be had if you look hard enough.