Cost of Living in Los Angeles, CA

With a cost of living index of 169, Los Angeles, CA is one of the most expensive cities in the United States. Living here is 69% more expensive than the national average and 26% above the California state average of 144. As a major city with a population of 3,857,897, Los Angeles offers a wide range of housing options, employment opportunities, and urban amenities.

Housing costs are the biggest factor in Los Angeles's cost of living. The median monthly rent is $1,879 (42% above the US median of $1,319), and the median home value sits at $879,500 (188% above the national median of $304,900). At current prices, the median home costs roughly 10.9x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Los Angeles is $80,366, which is 7% higher than the national median of $75,149. Residents spend roughly 28% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Climate is another factor for anyone considering a move to Los Angeles. The area sees an average annual temperature of 62.8°F, with summers averaging 68°F and winters around 57°F. Annual rainfall totals 13.5 inches spread over roughly 38 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Los Angeles-Long Beach-Anaheim, CA (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.