Do you know a friend who is interested in buying a home?CLICK HERE

Schedule A MEETING

Meet with one of our agents for a consultation… CLICK HERE

Why Invest TODAY?

Check out these FAQs to help you decide whether to invest today or not… CLICK HERE

Report: In LA, high housing prices make it hard to afford basic needs

Source: Curbed

It’s not a secret that housing prices are steep in Los Angeles, but a new report from the United Ways of California shows that those costs make it exceedingly difficult for many locals to afford other basic needs like food and healthcare.

According to the report, released last week, nearly 1 million households in Los Angeles County—or 38 percent of the population—bring in less than what’s needed to meet a simple budget of essential items.

Not coincidentally, the residents of nearly half of LA County’s households spend more than 30 percent of their income on housing.

According to the U.S. Census Bureau, just over 16 percent of LA County residents live in poverty, but Peter Manzo, president of the United Ways of California, says that statistic doesn’t reflect the true number of families struggling to make ends meet.

“We’re asking, ‘what does it look like if a family is doing well?’” Manzo tells Curbed.


This entry was posted in Rentals, Renters and tagged , , . Bookmark the permalink.

Leave a Reply




Contact Information

CA Department of Real Estate Lic.# 01960213
  • facebook
  • twitter
  • linked in