Cost of Living in Los Angeles, California
Los Angeles has a population of about 3,857,263. The median household income is $81,939, median gross rent is $1,933/month, and the median home value is $921,200. These figures come from 2020-2024 ACS 5-Year estimates, the latest full-coverage Census baseline for U.S. cities.
How current is this? Census city data is released with a lag because it is survey-based and designed for consistent coverage across small and large places. Use it as an official affordability baseline; current apartment listings and mortgage rates may differ.
Is Los Angeles expensive to live in?
Compared with the national median in this dataset, rent in Los Angeles is 17% above the national median and home values are 146% above the national median. Household income here is about the national median. Monthly rent represents roughly 28% of the median annual household income, a rough affordability signal for renters.
Frequently asked questions
What is the average rent in Los Angeles?
The median gross rent in Los Angeles, California is $1,933 per month in the 2020-2024 ACS 5-Year estimates.
What is the median home price in Los Angeles?
The median owner-occupied home value in Los Angeles is $921,200 in the 2020-2024 ACS 5-Year estimates.
How much do people earn in Los Angeles?
The median household income in Los Angeles is $81,939 per year in the 2020-2024 ACS 5-Year estimates.
Data source: U.S. Census Bureau, 2020-2024 ACS 5-Year Estimates. Local database last refreshed 2026-07-11.