Housing costs in Los Angeles?
A typical home costs
$643,300, which is 90.3% more expensive than the national average of
$338,100 and 12.3% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,990 per month, which is 7.4% cheaper than the national average of
$2,150 and 15.6% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91331), California, a minimum annual income of
$123,120 for a family, and
$62,400 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91331 Los Angeles, CA is quite expensive. The median home value is over $700,000, and the median rent is around $2,500 per month. This makes Los Angeles one of the most expensive cities to live in the United States. Groceries, gas, and transportation costs are higher than average as well. Despite these high costs, many people choose to live there for its numerous attractions and opportunities. The area also boasts a great variety of restaurants, entertainment venues, and shops that make it a desirable place to call home.