We are excited about our new designation as a Federal Rural Renewal Community that allows the City to revitalize our neighborhoods and businesses using Federal tax incentives. Parlier's booming economy is experiencing a renaissance of development and diversification.
Los Angeles Cost of Living: California (CA) The cost of living in Los Angeles, California (CA) is lower than the average cost of living in the state of California but higher than the nationwide city average. The average annual pay in Los Angeles is $54,960.00, which is $2,151.00 lower than the salary average in California but higher than the U.S. average yearly wages by $5,152.00.
Fifty-six percent of the countyâs households could afford the median-priced home costing $223,830. And they needed a minimum annual income of $44,290 to qualify for the mortgage. Not surprisingly, Los Angeles County is one of the stateâs least affordable markets. Advertisement. In Los Angeles, where the median income was $54,510, a family earning that amount could afford a home costing $275,530. But the median-priced home here was 58 percent higher at $436,010.