Foreclosure Homes for Sale in Los Angeles, CA: Everything You Need to Know
LA has 12.5 million residents within the city limits. Recently, the population trends are including fewer children and retirees. The hustle and bustle during the day and the very fast-paced social life at night attract younger adults that are more mobile and energized. The diversity of the populous is comprised of 48.7% Whites, 11% Blacks, 10% Asians, and 45% Latinos and other races. It’s one of the most ethnically diverse cities in America. The average household size is 2.82, with 36.8% of homes being owner-occupied. 22.08% of the residents have attained a bachelor’s degree, and the median household income is $58,385.
The Cost of Living in Los Angeles
If you are moving to Los Angeles, you will need to prepare ahead by knowing your living expenses. Below are some critical averages to consider when creating your budget.
Median Home Cost: $689,500
Apartments: Range from $1,146 for a studio up to $2,381 for a 3 bedroom
Utilities: $146.42 monthly average
Transportation Costs: $4.09 per gallon / $100 monthly pass for the LA Metro
Healthcare costs: 22% above the national average
Cost of Food: You will spend about $60 for a meal for two at local mid-range restaurants
Sales Tax: 9.5%
City of Champions
Los Angeles is home to various professional sports teams. A few of the most popular teams are the Angels and Dodgers (MLB), Anaheim Ducks (NHL), the Galaxy and LAFC (MLS), the Clippers and the Lakers (NBA), and the Chargers and Rams (NFL). Beach Volleyball is also a popular sport for all ages, and the first Beach Volleyball World Championship was hosted in Los Angeles in 1997.
The City of Angels has ten NCAA Division I athletic programs. The city has also hosted three Super Bowls, the World Series, the Stanley Cup, the Olympiads, and the NCAA Championships.
Schools in Los Angeles
Public schools in LA have more than 746,800 students enrolled. The Los Angeles Unified School District (LAUSD) is the country's second-largest school district. There are 56 high schools, 78 middle schools, and 434 elementary schools plus another 200+ educational facilities such as magnet schools, primary centers, and early education centers that are part of the school district. In addition to UCLA and the University of Southern California, the two largest Universities in the region, there are twenty private colleges and universities throughout the city.