Cost of Living in Los Angeles
Median income in Los Angeles is $62,000/year ($5,167/month). Here is how to budget every dollar.
Average Rent in Los Angeles
$1,900
Studio
$2,400
1 Bedroom
$3,100
2 Bedrooms
Monthly Budget Breakdown: $5,167/month
How to allocate the median Los Angeles income of $62,000/year after taxes.
Housing
$2,400
Food & Groceries
$520
Transportation
$400
Utilities
$180
Healthcare
$260
Entertainment
$310
Personal & Other
$260
Savings
$837
Total
$5,167
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Affordable Neighborhoods in Los Angeles
Koreatown and Mid-Wilshire offer central locations at lower rents than Westside neighborhoods
North Hollywood and Valley Village have good Metro access with rents 30% below Hollywood
Long Beach provides beach living at significantly lower costs than Santa Monica
Money-Saving Tips for Los Angeles
A car is almost essential — budget $400–$500/month for car payment, insurance, and gas
Shop at local farmers markets on weekdays for discounted produce
Explore free hiking trails in Griffith Park, Runyon Canyon, and the Santa Monica Mountains
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