Moving to Los Angeles in 2024?
Complete Moving Guide

Are you thinking of moving to Los Angeles?

Moving to a new city and giving your life a new beginning can be challenging. For an easy transition, you should prepare for your move and life in a city before moving there. You must be aware of the cost of living in the city and also the job opportunities if you are moving there for better employment. If you are moving to Los Angeles then you must know that the cost of living is relatively high and traffic is a major issue. The climate in Los Angeles is Mediterranean means there will be mild winters and warm dry summers. The city has a diverse population as people from around the world move here to live. Los Angeles has something for everyone, you can explore various tourist attractions in the city. But this much information is not sufficient if you are moving there. So, we have prepared a guide for you where you can learn everything about the city.

• Quick Facts of Los Angeles
• Top reasons to move to Los Angeles
• Pros & Cons of Living in Los Angeles
• Best Neighborhoods in the Los Angeles
• Cost of living in Los Angeles
• Los Angeles job market
• Major industries in Los Angeles
• Top Career Options in Los Angeles
• Best things to do in Los Angeles
• Education System in Los Angeles
• Type of insurance required in Los Angeles
• Taxes in Los Angeles

Quick Facts of Los Angeles

Let’s have a look at some facts about Los Angeles- 

Top reasons to move to Los Angeles

Moving is a big step when you move to a new state or new city, then there must be something special in that city or state. If you are planning to move to Los Angeles, then you must have valid reasons to move there- 

Source: U.S. News & World Report

Pros & Cons of Living in Los Angeles

When you move to a new city, you have no idea what is best there and what you should avoid. So, in this section of our guide we have listed all the pros and cons of living in Los Angeles- 

Source: Forbes and U.S. News & World Report

Best Neighborhoods in the Los Angeles

When you move to a new city, you struggle to find a perfect neighborhood where you can make your home. A place where you feel safe, homely and happy. To save you time and energy, we have listed some best neighborhoods in Los Angeles. 

Cost of living in Los Angeles

The cost of living in Los Angeles is very high and it is ranked as the 10th most expensive city in the US. The cost of living in any location depends on several parameters like lifestyle, neighborhood and basic expenses.

Before moving to a new city or state you must know the cost of living of the location as it will help you set your moving budget. We have compiled the data related to the cost of living in Los Angeles-

Source: Zumper and Numbeo

Housing Market in Los Angeles 

The housing market in Los Angeles is competitive and the housing prices are high while the inventory is low. The median home price in Los Angeles is $983,000 which is 2.4% higher than the last year. Recently, there has been a decline in the number of houses available for sale and new listing has also declined. 

Average rental cost in Los Angeles

The average rent for a house in Los Angeles ranges between $1,795 and $2,995. The cost of rent depends on the size of the house as well as the location. The values mentioned here are only average costs, and the actual cost may vary as it depends on several other factors. 

Source: Zumper

Los Angeles job market

The job market in Los Angeles is strong and diverse as multiple industries are offering many job opportunities at different scales. The unemployment rate in Los Angeles is lower than the national average. The job market in Los Angeles is estimated to flourish in the coming years and there will be 2.3 million new jobs by 2030. 

Currently, the unemployment rate in Los Angeles is 4.9% which is lower than the national average. If you are moving here, find the best industry to start or switch your career. 

Top Career Options in Los Angeles

Before moving to Los Angeles, it is better to learn about the leading industries and top career options in the state. We have listed some career options for your reference along with their average salary and entry-level salary. 

Source: Bureau of Labor Statistics

Median Salary in Los Angeles

The median salary in Los Angeles is $67,882 and this is higher than the national average median salary which is $34,808. 

Major industries in Los Angeles

Before picking up a career option, you should know about the industries which are flourishing in the city. Several industries are offering high-paying jobs to newcomers and residents. 

Best things to do in Los Angeles

Los Angeles is a vibrant city that offers something to everyone. Still, you need to decide what you want to do- 

Source: Los Angeles Tourism & Convention Board: https://www.discoverlosangeles.com/ 

Education System in Los Angeles

When you relocate with children, your one of the major concerns is their education. Whether the new city will provide quality education for their better future or not. So, we decided to simplify the search for top schools and colleges for your children’s education- 

Source: Niche

Transportation & Navigation in Los Angeles

The transportation system in Los Angeles is comprehensive which means the public transportation system includes buses, trains and taxis. There are several options for public transportation, private transportation and for navigating around the city. 

Public transportation- It is operated by the Los Angeles County Metropolitan Transportation Authority (Metro). It includes a variety of services like buses, light rail, and trains. The most popular way to get around is by Metro Rail which covers a large portion of the city. You will need a TAP card in Los Angeles if you want to use public transport in Los Angeles. 

Private Transportation- If you are not interested in commuting via public transport, you can always opt for private transport like taxis, car rentals and ride-hailing services. Most people prefer to commute in their vehicle which results in heavy traffic during rush house. Traffic congestion is a major concern in Los Angeles. 

Navigation- One of the major issues is how to get around the city. We understand that finding a place in the new city is challenging. There are several ways to navigate Los Angeles like using a map, a GPS device, a public transportation app or you can ask the directions. 

Source: Los Angeles County Metropolitan Transportation Authority (Metro) 

Type of insurance required in Los Angeles

Most states have some laws related to insurance as they have mandated a few insurances for each resident. Moving to Los Angeles means you have to follow all the guidelines related to insurance in Los Angeles. 

Auto Insurance- All the residents of the city are required to have auto insurance with a minimum coverage requirement of $15,000 for injury or death to one person and $30,000 for more than one person. And $5,000 for the damage to the property. 

Homeowner’s Insurance- This type of insurance protects your house and household belongings from any mishaps like theft, fire, or other type of damages. This is required by most of the mortgage lenders. 

Renter’s Insurance- This type of insurance is not required by law but it is recommended. This insurance will protect your belongings from damage or loss in the rental house or apartment. 

Life Insurance- This type of insurance will provide support to your family in the event of your death. 

Health Insurance- This type of insurance will support you in managing your medical expenses. 

Worker’s Compensation- In California, it is mandatory for businesses to have worker’s compensation. The purpose of this insurance is to provide support to employees who get injured during work. 

Umbrella Insurance- This type of insurance will provide additional liability coverage beyond the coverage included in your insurance policies. 

Discuss with your insurance provider about the insurance that is right for you. 

Source: California Department of Insurance: https://www.insurance.ca.gov/

Taxes in Los Angeles

Taxes contribute a major amount to the cost of living. If you are planning to relocate to Los Angeles, learn about the taxes applicable in Los Angeles- 

Income Tax- Los Angeles has progressive income tax with tax rates ranging between 1% to 13.3%. The amount of tax depends on the taxable income. 

Sales Tax- The sales tax rate is 10.25% in Los Angeles which is the combined rate of the California state sales tax and the Los Angeles County Sales Tax. 

Property Tax- The property tax in Los Angeles is accessed and evaluated by the local authorities. The average rate for property tax in Los Angeles is 0.73%. 

Use Tax- This type of tax is applied on purchases made outside of California but are used in the state. The us tax rate is 10.25% in Los Angeles. 

Vehicle License Fee- This is a tax on all vehicles registered in California. The value of your vehicle decides the amount of the vehicle registration fee. 

There are taxes on fuel, cigarettes and alcohol in Los Angeles. Other than these, some other taxes are also applicable in Los Angeles like special district tax and business tax. 

Source: California Department of Tax and Fee Administration: https://www.cdtfa.ca.gov/ 

Disclaimer: The information provided in this guide is for informational purposes only and should not be construed as legal, financial, or professional advice. It is recommended to conduct thorough research and consult relevant experts before making any decisions related to relocation.