How much do you need to make in LA to afford the average apartment?

mattymcmatt / Pixabay

Answer: $33/hour, at least

And a home? According to a new report from KPCC:

The median home price in Los Angeles is $570,500, according to the real estate website, Trulia.com.

But consider that the median income in Los Angeles is about half that: $49,497, according to census numbers from 2009-2013.

So it’s no surprise that Los Angeles has been rated as the most unaffordable city to rent in America by Harvard and UCLA.

via LA residents need to make $33 an hour to afford the average apartment | 89.3 KPCC.

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