When it comes to the cost of living, it’s no secret that Los Angeles and Beverly Hills are two of the most expensive cities in the United States. But which one is more expensive?
For starters, Beverly Hills has an average home price of $3.5 million, which is significantly higher than the average home price of $619,000 in Los Angeles. Additionally, the median rent in Beverly Hills is approximately $5,000 per month, compared to the median rent of $2,400 in Los Angeles. Property taxes in Beverly Hills are also higher, with the median tax rate being 1.25%, compared to 0.85% in Los Angeles.
Aside from real estate prices, the cost of living in Beverly Hills is also higher than in Los Angeles. The average grocery bill in Beverly Hills is approximately $400, which is much higher than the average grocery bill of $300 in Los Angeles. Additionally, the cost of healthcare in Beverly Hills is significantly higher than in Los Angeles, with the average healthcare cost being $8,000 compared to $4,000 in Los Angeles.
In terms of transportation, both cities have similar public transportation systems, but the average cost of owning a car in Beverly Hills is much higher than in Los Angeles. The average cost of owning a car in Beverly Hills is approximately $500 per month, compared to $400 in Los Angeles. The cost of gasoline is also higher in Beverly Hills, with the average cost being $4.50 per gallon compared to $3.50 in Los Angeles.
Overall, it is more expensive to live in Beverly Hills than in Los Angeles. The average home price, median rent, property taxes, cost of living, and transportation costs are all significantly higher in Beverly Hills than in Los Angeles. Therefore, if you’re looking for a more affordable city to live in, then Los Angeles is the better option.
The Cost of Living Variations Between L.A. and Beverly Hills
The cost of living can vary significantly depending on which area of Los Angeles you choose to live in, with Beverly Hills being one of the most expensive locations to live. Although the overall cost of living in Los Angeles is higher than the national average, Beverly Hills is even pricier. Rent prices and median home prices are higher in Beverly Hills than in the rest of LA, and it also has higher sales and income tax rates. Here is a breakdown of the cost of living differences between Los Angeles and Beverly Hills:
Rent Prices: Rent prices in Beverly Hills are significantly higher than in the rest of Los Angeles, with the average rent for a one-bedroom apartment in Beverly Hills coming in at $2,820 per month. In comparison, the average rent for a one-bedroom apartment in Los Angeles is just $1,730 per month.
Median Home Prices: The median home price for a single-family home in Beverly Hills is around $3.5 million, compared to the overall median home price for Los Angeles at $758,000.
Sales Tax: The sales tax rate in Beverly Hills is 9.5%, compared to the overall sales tax rate in Los Angeles, which is 8.25%.
Income Tax: The income tax rate in Beverly Hills is 8.5%, compared to the overall income tax rate in Los Angeles, which is 9.3%.
Overall, the cost of living in Beverly Hills is significantly higher than in the rest of Los Angeles. The main reasons for this are higher rent prices, higher median home prices, and higher sales and income tax rates. Therefore, if you are looking to live in Los Angeles, you may want to consider other areas that are more affordable than Beverly Hills.
The Price of House Renting in Los Angeles vs. Beverly Hills
If you’re thinking of relocating to the Los Angeles area, you’re probably wondering whether it’s more expensive to live in Los Angeles or Beverly Hills. When it comes to house rentals, LA is typically more affordable than Beverly Hills.
Rent in Los Angeles can range from around $800 to $2,000 per month depending on the size, location, and amenities offered. Beverly Hills rents, on the other hand, typically start around $2,500 per month and can go as high as $10,000 or more for luxury rentals.
Comparing the two cities, the luxury rentals in Beverly Hills will definitely cost more than even the best rentals in Los Angeles. But when it comes to average rents, Los Angeles is far more affordable than Beverly Hills.
The average rent for a one-bedroom in Los Angeles is roughly $1,400, while the average for a one-bedroom in Beverly Hills is around $2,600. That’s almost double the rental cost. The same holds true for two and three bedroom rentals, and even for luxury rentals, the difference in cost can be staggering.
For example, a two-story, luxury rental in Los Angeles could cost around $4,200, while a similar rental in Beverly Hills could cost as much as $9,000 per month.
To help you visualize the difference, here’s a quick overview of the average rental prices for one, two, and three-bedroom units in both cities:
| City | 1-Bedroom | 2-Bedroom | 3-Bedroom |
|---|---|---|---|
| Los Angeles | $1,400 | $1,900 | $2,500 |
| Beverly Hills | $2,600 | $4,500 | $6,500 |
As you can see, Beverly Hills is clearly more expensive than Los Angeles when it comes to house rentals. But this doesn’t mean you should rule out Beverly Hills entirely. There are many wonderful neighborhoods in Beverly Hills that won’t break the bank, so it’s worth considering if you’re looking for a luxurious lifestyle.
The cost of living in Los Angeles is higher than the national average, with prices for housing, utilities, and transportation being particularly high.
It is more expensive to live in Beverly Hills compared to Los Angeles, due to its higher housing costs and taxes.
Housing costs in Beverly Hills are significantly higher than in Los Angeles, with the median home price in Beverly Hills being more than double the median home price in Los Angeles.
Apart from housing costs, there are different tax rates, utility costs, and transportation costs in Los Angeles and Beverly Hills.
Living in Beverly Hills offers access to world-class shopping, dining, and entertainment, as well as a more exclusive lifestyle than other parts of Los Angeles.
On average, living in Beverly Hills is more than double the cost of living in Los Angeles.
Beverly Hills offers a diverse range of job opportunities, from entertainment to finance and health care.
The average salary for a job in Beverly Hills is higher than the national average, ranging from $60,000 to over $100,000 depending on the position.
The median home price in Beverly Hills is typically more than double the median home price in Los Angeles.
Living in Los Angeles offers access to great job opportunities, diverse communities, and a vibrant entertainment scene.