Housing costs in Los Angeles?
A typical home costs
$872,500, which is 158.1% more expensive than the national average of
$338,100 and 19.0% more 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 91601), California, a minimum annual income of
$167,040 for a family, and
$81,600 for a single person is recommended.
What does A.I. say about Los Angeles?
Living in 91601 Los Angeles, CA can be quite expensive. According to BestPlaces, the average cost of living index in this zip code is 83.1%, which is higher than the national average of 56.9%. To rent a one-bedroom apartment in the city center, you can expect to pay an average of $2,390 per month. Groceries and utilities will also put a dent in your wallet, as these expenses are 16.7% and 17% more expensive than the national average respectively. However, if you plan ahead and budget carefully, you can enjoy living in this sunny part of California without breaking the bank too much.