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Important News about the Cost of Living in Los Angeles

LOS ANGELES - Nov. 20, 2017 - Rezul -- Per Christiano Sampaio, Broker/Owner of loftway, a prominent Los Angeles Real Estate Firm," To understand the cost of living in Los Angeles, you must first take into consideration the salary ranges.

Like other large metropolitan cities in the country, wages are generally higher. And, that's particularly true for higher level positions and specialty jobs. So, what you'll earn as an IT professional, a civil engineer, a teacher, or a software engineer in Los Angeles will be a lot more than the same positions in small and even medium-sized markets.

In addition to higher wages and salaries, there' also another consideration and that is home prices and home appreciation. Of course, LA is known for being an expensive residential home market. But, on the other side of that is an astounding rate of appreciation. For instance, during the period from 2010 to 2015, LA homes appreciated a whopping 78.5 percent, according to Business Insider.  However, that's still less than San Francisco, which experienced a housing price increase of 20 percent from 2014 to 2015. (That same two year period, LA home prices rose by 11.3 percent.)

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Now, a little more about the cost of living in Los Angeles, California. So, let's take a look at some of the basic needs. Here's what you need to know about the cost of living in LA:

●      Utilities. Your monthly utility bill will run about $110 to $115 per month for a 915 square foot residence. For comparison, the same sized place in Chicago is $122 or more per month and even higher in NYC, about $130+ and more.

●      Food. If there's one thing the Golden State does well, it produces produce (and dairy, meat, and more). The net result is a lower cost of food for many common staples. Even mid-range restaurant meals are cheaper in LA than in some other big cities.

●      Transportation. Unfortunately, if you plan to drive your own vehicle in LA, it's not exactly inexpensive to fill up the tank. However, if you ride public transportation, you'll pay significantly less than taking the train or bus in Chicago and NYC.

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In short, it's not the most inexpensive city but it's also not the most expensive.

Loftway is a full-service Real Estate brokerage dedicated to LOFTS and ARCHITECTURAL homes.in the Los Angeles area.

When it's time to move forward with buying a loft, be sure to contact loftway.com, the premier Los Angeles Loft sales company.

Loftway is a full-service Real Estate brokerage dedicated to LOFTS and ARCHITECTURAL homes.in the Los Angeles area.

When it's time to move forward with buying a loft, be sure to contact http://www.loftway.com, the premier Los Angeles Loft sales company.

Contact
Loftway.com
***@hot-listings.com


Source: Christiano Sampaio

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