Los Angeles, CA
Los Angeles County · Pop. 3,820,914
Ranked #239 of 243 cities
12Crisis
Median Home Price
🏠$950K
5.0% YoY
Median Rent
🔑$2,400
4.5% YoY
Median Income
💰$68K
Rent Burden
📊40.0%
% of income to rent
Income to Buy
🏦$273K
annual income needed
Income to Rent
📝$96K
annual income needed
Price-to-Income
⚖️14.0x
Homeownership
🏡46.0%
Rent vs. Buy
Buy
$5,056/mo
Est. mortgage (7%, 20% down)
Need $273K/yr income
Rent
$2,400/mo
Median rent
Need $96K/yr income
How Los Angeles Compares
| Metric | Los Angeles | California | National |
|---|---|---|---|
| Home Price | $950K | $726K | $410K |
| Rent | $2,400 | $1,992 | $1,500 |
| Income | $68K | $96K | $75K |
| Rent Burden | 40.0% | 40.5% | 30.0% |
Key Takeaways
- • Home prices in Los Angeles are 132% higher than the national average.
- • Rent is 60% higher than the national average.
- • You need an income of $273K to comfortably buy a home here.
- • The homeownership rate is 46.0%, compared to 65.0% nationally.