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Los Angeles

Learn about the people, housing, costs and businesses in Los Angeles, California

Median Home$979,662
Median Rent$2,057/month
Population3,857,358
Leading IndustriesProfessional Services · Healthcare · Arts, Food & Hospitality6% professional services
Home Value Growth⬆⬆+11.0% over 2 years
Young Adults35% of residentswell above average
Renters64% of occupied units
NotableAmenity Score78/100 · highly walkable area
NotableTransit80/100 · excellent transit access
Los Angeles
CA

Frequently Asked Questions

What are today's mortgage rates in Los Angeles?

As of today, the 30-year fixed mortgage rate for Los Angeles is approximately 6.584% (6.612% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Los Angeles?

The median home value in Los Angeles is $980k. The median monthly rent is $2,057. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Los Angeles?

Home values in Los Angeles have increased 11.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Los Angeles?

Based on a typical all-in ownership cost of $2,197/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $94k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Los Angeles is $89k/year.

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What industries drive the economy in Los Angeles?

The largest employment sectors in Los Angeles are public administration (21%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.