Cost of Living in Los Angeles, CA
Los Angeles has a cost of living index of 166 (100 = national average), making it significantly more expensive than the national average. The median household income is $69,778 and the median home price is $950,000.
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Los Angeles at a Glance
Population
3,820,914
Cost of Living Index
166
Median Income
$69,778
Median Home Price
$950,000
Property Tax Rate
0.72%
Sales Tax Rate
9.50%
Rent Index
175
State
California
Living in Los Angeles
Los Angeles is one of the more expensive cities in the United States. Housing costs are a major factor, with the median home price at $950,000. However, the median household income of $69,778 partially offsets the higher costs.
The combined sales tax rate in Los Angeles is 9.50%, and the effective property tax rate is 0.72%. Property taxes are relatively low compared to the national average.