Zillow breaks down how incomes and affordability match up in Los Angeles.
Los Angeles-Long Beach-Anaheim metro highlights from Zillow:
- The median income is $62,172.
- 39.9 percent of income is spent on a monthly mortgage payment, and 48.8 percent is spent on rent.
- A 20 percent down payment on a median-valued home in Los Angeles-Long Beach-Anaheim, CA would require a potential buyer to have saved $109,580.
- The ZHVI (Zillow Home Value Index) rose by 4.5 percent over the past year, to $547900.
Read more about the California housing market here.