Housing costs in Los Angeles?
A typical home costs
$1,916,500, which is 466.8% more expensive than the national average of
$338,100 and 161.3% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$3,370 per month, which is 56.7% more than the national average of
$2,150 and 31.8% more than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90291), California, a minimum annual income of
$367,200 for a family, and
$106,000 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90291 Los Angeles, CA is quite high. According to BestPlaces, the cost of living index for this area is 214.25, which is 26.9% higher than the California average. As a result, renting a one or two-bedroom apartment in 90291 Los Angeles can cost between $2,200 and $3,500 per month. Additionally, groceries are significantly more expensive than other areas in California due to the high demand for goods and services within the area. The price of dining out is also quite high because there are many upscale restaurants that cater to wealthy residents. Overall, while living in 90291 Los Angeles can be quite expensive, it does offer a luxurious lifestyle that many people find appealing.