Housing costs in Los Angeles?
A typical home costs
$1,306,800, which is 286.5% more expensive than the national average of
$338,100 and 78.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$2,850 per month, which is 32.6% more than the national average of
$2,150 and 19.3% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 91423), California, a minimum annual income of
$250,560 for a family, and
$89,600 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 91423 Los Angeles, CA is notably higher than other parts of the country. Residents of this area can expect to pay more for goods and services than those in other parts of the US. Rent and housing costs are particularly high, with a one-bedroom apartment averaging around $1,800 per month. Groceries and basic necessities are also on the pricier side. That being said, there are plenty of ways to save money if you’re willing to look for deals and discounts. In addition, many residents find that their increased earning potential makes up for the higher cost of living.