Savings rate in Los Angeles — are you on track?
Los Angeles is a very high cost city. LA median rent sits around $2,400/month; car ownership adds $800–1,200/month in transport costs for most. LA's combined housing and transport burden is among the highest in the US relative to median income.
Median rent
$2,400/mo
Los Angeles 2023
Typical other costs
$2,000/mo
excl. housing
Savings benchmark
7–20%
mid-income USD
Pre-set for Los Angeles — adjust to your situation
What a good savings rate looks like in Los Angeles
Using data from BLS Consumer Expenditure Survey 2023, people at mid-range incomes in United States typically save between 7–20% of gross income. In a very high cost city like Los Angeles, housing costs can compress that meaningfully — especially for renters.
Source: BLS Consumer Expenditure Survey 2023. Benchmarks shown for mid-income earners in United States.
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