Housing costs in Downey?
A typical home costs
$734,800, which is 117.3% more expensive than the national average of
$338,100 and 0.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Downey costs
$2,290 per month, which is 6.5% more than the national average of
$2,150 and close to the state average of
$2,300.
Can I afford Downey?
To live comfortably in Downey (zip 90242), California, a minimum annual income of
$140,760 for a family, and
$72,000 for a single person is recommended.
What does A.I. say about Downey?
The cost of living in 90242 Downey, CA is quite reasonable compared to the rest of the state. Groceries are a bit more expensive than in other parts of California, but still inexpensive compared to the national average. Rent prices for an apartment in the area range from $1,000-$2,000 per month depending on size and location. Utilities are also relatively affordable, with most basic services costing around $100 per month. Overall, living in Downey can be quite affordable for those looking for a quality place to live without breaking the bank.