Los Angeles California City Guide

Los Angeles is home to almost 4 million residents. Considering the population in 2010 was 3.7 million, the city’s 10 year growth rate is estimated to be 4.72%. Also, the annual growth rate is 0.68%.

An estimated 1,997,301 residents are women, so 50.44% of the population is female. 1,962,356 residents are men, which accounts for 49.56% of the population.

Los Angeles has a median resident age of 35. Almost 24% of residents are under 20. About 19% of residents are 25-34, and 28% are 35-54. Slightly over 10% of the population is 55-64, while 10% of residents are older than 65.

Los Angeles is decidedly diverse. 52.4% of residents are White, and 11.6% of residents are Asian. 8.9% of Los Angeles’s population is Black or African American, and 3.6% of residents are biracial or multiracial.

48.6% of residents identify as Hispanic or Latino, and 42.4% of residents are fluent in Spanish. Additionally, 40.7% of residents only speak English. Another 4.8% of the population speaks another Indo-European language, and 2.5% of the population speaks Korean.

37.3% of Los Angeles residents are foreign born. For context, this is well over the state’s average of 26.9% and the national average of 13.5%.

Los Angeles students can quickly travel to 56 elementary schools, 41 middle schools, and 43 high schools within the city. This massive California city’s high school dropout rate is 23%, and 77% of adult residents are high school graduates.

17.8% of the population has pursued some college education. 6.1% of Los Angeles residents hold an associate’s degree. Over 33% of the population has a bachelor’s degree, and 11.6% of residents have a professional degree or a graduate degree. From there, about 3% of residents have a doctorate degree.

82% of Los Angeles students go to public schools, while 18% of local students are enrolled in private schools.

The real estate market in Los Angeles remains expensive and competitive. In 2019, the median home value in the city was $717,583.

This represented a 5.16% increase from the median home value of $682,400 in 2018. From 2017 to 2018, the median home value grew by 5.47%, from $647,000 to $682,400. Home values in Los Angeles are expected to increase by 4.2% within 2020.

The average listing price of homes in the city is $850,000, and the median list price per square foot is $549. Real estate appreciated 81.8% since 2000. This is an average annual home appreciation rate of 6.16%. The median household income in the city was $62,474 in 2018. This was an increase of 3.8% from the median household income of $60,197 recorded in 2017.

Los Angeles is home to thousands of young professionals and families who enjoy the urban feel. 64% of the city’s residents rent their homes. 46.2% of over 1,364,000 housing units in the area are large apartment complexes. Single-family detached homes account for 38.6%, while homes converted to apartments and other small apartment buildings comprise 8.53% of properties. 31.3% of homes in the area have two bedrooms, followed by one-bedroom homes which account for 24.6%.

42% of housing units in Los Angeles were built from 1940 to 1969. Many modern homes in the city feature high ceilings, hardwood floors, and French doors. There are over 3,000 single-family homes for sale in the area with an average listing price of $629, 900. There is also an abundance of townhouses, condos, and apartments for rent.

The average salary of a Los Angeles resident is $66K, and the median household income is estimated to be $58K. The city’s per capita income is $33K.

An estimated 15% of residents earn less than $10K annually, while 9% of residents earn $10K-$15K. Another 9% of the population makes $15K-$20K. 32% of Los Angeles residents earn between $20K-$50K each year.

From there, 17% of residents make $50K-$75K. 7% of the population earns between $75K-$100K each year, and 12% of residents earn over $100K annually.

For reference, Los Angeles has a high unemployment rate of 7.1%, and the city’s overall poverty rate is 19.1%.