Redfin recently released a report on the economic diversity of the nation’s major cities using 2014 city-specific median family income data from the American Community Survey. Los Angeles was ranked as the no. 7 best city for a balanced mix, with 19 percent of its neighborhoods with balanced economic diversity.

Redfin recently released a report on the economic diversity of the nation’s major cities using 2014 city-specific median family income data from the American Community Survey. Los Angeles was ranked as the no. 7 best city for a balanced mix, with 19 percent of its neighborhoods with balanced economic diversity.

The report determined purchasing power as a 20 percent down payment on a 30-year fixed-rate mortgage at 4 percent. Monthly family income going toward a mortgage was measured at 28 percent.

Redfin measured home price mix by summarizing a 500-meter grid, which were then classified as one of three categories: mix of affordable and high-end homes, high-end homes and affordable homes.

What’s the economic breakdown of Los Angeles neighborhoods?

Los Angeles
Balanced Mix Area High-end Area Affordable Area
Pacific Palisades 100% Vermont Vista 100%
Cheviot Hills 100% Watts 81%
Venice 100% Boyle Heights 67%
Los Feliz 100% Pacoima 64%
Beverly Hills 100% South Los Angeles 61%

Los Angeles has a reported 74 percent of high-end areas and only 7 percent of them are considered affordable.

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