Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Los Angeles, CA

Housing in Los Angeles, CA: Rent, Home Prices & Property Tax

$2,273/mo (1 bd) in Los Angeles. Median home $825,300. Property tax 0.72%.

Compare vs Chicago Rank metros from Los AngelesHow we figure this

Rent (1 bd): $2,273; /mo
Buy: $5,425; Mortgage, tax, insurance
Buying costs more: $3,152; /mo

State tax and rent

To buy

20% down payment$165,060
Mortgage at 6.5%$4,173
Property tax (0.72% of value)$495/mo · $5,942/yr
Insurance and upkeep$757
Monthly total$5,425

54.4% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$1,703 left each month. About 97 months (8.1 years) to save $165,060.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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