Housing costs in Los Angeles?
A typical home costs
$616,900, which is 82.5% more expensive than the national average of
$338,100 and 15.9% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Angeles costs
$1,920 per month, which is 10.7% cheaper than the national average of
$2,150 and 19.8% cheaper than the state average of
$2,300.
Can I afford Los Angeles?
To live comfortably in Los Angeles (zip 90023), California, a minimum annual income of
$118,080 for a family, and
$60,400 for a single person is recommended.
What does A.I. say about Los Angeles?
The cost of living in 90023 Los Angeles, CA is quite high due to the area being located in a highly desirable neighborhood. The area has a median home price of $1,072,400 and an average rent of $2,357 per month. Additionally, prices for groceries and other goods are higher due to the area's close proximity to many attractions and amenities. The overall cost of living in 90023 Los Angeles can be quite steep for those on tight budgets but those with higher incomes have plenty of options when it comes to housing, entertainment, and other needs.