Housing costs in Los Angeles?
A typical home costs
$1,104,900, which is 226.8% more expensive than the national average of
$338,100 and 50.6% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,550 per month, which is 18.6% more than the national average of
$2,150 and 9.8% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91607), California, a minimum annual income of
$211,680 for a family, and
$80,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91607 Los Angeles, CA is quite high. The median home value is around $800,000 and rental costs are higher than the national average. Basic utilities such as electricity, gas, and water also tend to be more expensive than other parts of the country. Food costs are also a bit higher due to the local produce that is available throughout the area. Transportation costs and commuting times can vary greatly depending on one's proximity to work or school. All in all, living in 91607 Los Angeles, CA can be quite expensive but it’s worth it for those who want access to exciting job opportunities and amazing recreation spots.