Housing costs in Los Angeles?
A typical home costs
$927,600, which is 174.4% more expensive than the national average of
$338,100 and 26.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,410 per month, which is 12.1% more than the national average of
$2,150 and 4.6% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91411), California, a minimum annual income of
$177,840 for a family, and
$75,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91411 Los Angeles, CA is generally quite high. Housing prices are among the highest in the country, with the median home value for a single-family property being around $750,000 and rent averaging around $3,700 per month. Food and transportation costs are also quite high, as well as other services such as healthcare and entertainment. The overall cost of living index for this zip code is 154.9, which is well above the US national average of 100. As such, it's important to be prepared financially when considering a move to the area.