10 Most Expensive Neighborhoods In Los Angeles



Many people are concerned with the high cost of living in Los Angeles. While there are some areas that are inherently more expensive than other parts of the city, there is no green pasture out there that’s cheaper than the rest.

The 10 Expensive Neighborhoods In Los Angeles

The most expensive neighborhoods in Los Angeles can be quite isolating, with residents often having to spend a high proportion of their income on housing. Here are the 10 most expensive neighborhoods in the city, according to data from Trulia:

1. Bel Air – $2,000,000+
2. Brentwood – $1,950,000+
3. Pacific Palisades – $1,850,000+
4. Beverly Hills – $1,700,000+
5. Holmby Hills – $1,650,000+
6. Century City – $1,600,000+
7. Westside – $1,550,000+
8. Malibu – $1,500,000+
9. Studio City – $1,450,000+
10. The Grove – $1,400,000+

Reasons For High Property Values

There are many factors that contribute to the high property values in some of the most expensive neighborhoods in Los Angeles. Many of these neighborhoods were originally developed as luxury enclaves for the wealthy, and they have maintained their status as some of the most expensive places to live in the city.

The fact that these neighborhoods are in great places is one reason why they keep their value. Many of them are situated near major shopping areas, transportation hubs, and entertainment districts. They also tend to be close to schools and other amenities, which makes them desirable places to live.

The fact that there isn’t much land in these areas is another reason why property values are high. Many of these areas were built up relatively quickly, and there is still plenty of space available for new development. This has led to a bidding war among buyers, who are eager to get their hands on a piece of this prized real estate.

Finally, many of these neighborhoods have been designated as historical landmarks or cultural centers. This prestige adds an extra layer of value to properties in these areas, which helps to keep prices high.

What To Expect On The Homefront

The 10 Expensive Neighborhoods In Los Angeles

When it comes to the cost of living, it’s not surprising that the most expensive neighborhoods in Los Angeles are not in the most wealthy parts of the city.

According to the 2016 Cost of Living Index report, the top five most expensive zip codes in L.A. are 90044, 90049, 90260, 90262, and 90270. Three of these (90049, 90260, and 90270) are located in West Hollywood; 90044 is in Brentwood, and 90260 is in Pacific Palisades.

Compared to other major metropolitan areas, Los Angeles’ cost of living is relatively high. The index found that a two-person household needs an income of $102,400 to maintain a standard of living in Los Angeles—significantly more than the $75,600 needed to live comfortably in New York City and the $62,700 required for a standard of living in San Francisco.

Additionally, while rental prices have dropped nationwide over the past few years due to increased demand and limited supply, they remain elevated in Los Angeles relative to other cities. According to Zumper data from January 2017, an average two-bedroom rental costs $2,868 per month – more than double the national average of $1,409.

Despite being one of the most expensive cities on earth to live in, there are a variety of ways that residents can save money without compromising their quality of life. For example, compared to other big cities, food prices in Los Angeles are pretty low.

Grocery prices in the area are only about one-third of what they are in New York City and San Francisco. Additionally, because Los Angeles is a car culture city, residents can save money by using public transportation or carpooling.

About Bel Air Area (1)

Bel Air Area

Bel Air is one of the most affluent neighborhoods in Los Angeles. It has a median household income of over $250,000 and a median home value of over $1 million. The area is also home to some of the most prestigious schools in the city, including Harvard-Westlake School and Ivy League universities Gettysburg College and Stony Brook University. Bel Air is also known for its luxury homes, gated communities, and highly exclusive lifestyle.

About Brentwood Area (2)

Brentwood Area

Brentwood is one of the most expensive neighborhoods in Los Angeles. The average home value in Brentwood is $1.7 million. The top five most expensive neighborhoods in Los Angeles are all in Brentwood. Beverly Hills is second with an average home value of $1.5 million, followed by Pacific Palisades ($1.3 million), Bel-Air ($1.2 million), Westwood ($1.15 million), and Holmby Hills ($1 million).

About Pacific Palisades Area (3)

Pacific Palisades Area

Pacific Palisades is located in the Westside region of Los Angeles and has been ranked as one of the most expensive neighborhoods in the city. Pacific Palisades is known for its beautiful homes and fragrant gardens, as well as its many golf courses and hiking trails.

The median home value in Pacific Palisades is $2.7 million, making it one of the most expensive areas in California. Many notable celebrities live in Pacific Palisades, including Oprah Winfrey, Bruce Springsteen, and Jay-Z.

About Beverly Hills Area (4)

Beverly Hills Area

The Holmby Hills area is one of the most expensive neighborhoods in Los Angeles. The median home price in this area is $3,000,000. This makes it the third most expensive neighborhood in L.A. The reason for its high prices is that this area is home to many celebrities and wealthy people.

Some popular places in Holmby Hills include the Bel Air Estate, which has a current listing price of $100 million, and the Beverly Hills Hotel, which has a current listing price of $395 million.

About Holmby Hills Area (5)

Holmby Hills Area

When it comes to finding the most expensive neighborhoods in Los Angeles, few places can top Holmby Hills. Sitting on a total of just over 1,000 acres, this enclave of palatial homes is home to some of the wealthiest individuals and families in the city.

With prices reaching millions of dollars, it’s no wonder that Holmby Hills has long been considered one of the most exclusive areas in L.A. In fact, Forbes magazine recently ranked it as the fourth most expensive neighborhood in America.

Despite its high price tag, however, Holmby Hills is definitely not just for the wealthy elite. In fact, thanks to its mix of both old and new estate homes, there are plenty of opportunities for residents from all walks of life to find their perfect home here.

If you’re looking for a luxurious lifestyle with plenty of space and privacy – or simply want to live among some of the wealthiest people in town – then you should definitely consider moving to Holmby Hills.

About Century City Area (6)

Century City Area

Century City is one of the most expensive neighborhoods in Los Angeles. Located on the Westside, Century City has a population of over 100,000 and an average house value of over $1 million. The neighborhood is home to several high-end boutiques and restaurants, as well as some of the most prestigious schools in LA. The Sony Pictures Studios, CBS Television City, and the Walt Disney Concert Hall are some of the most famous places in Century City.

About Westside Area (7)

Westside Area

The Westside Area is located in the city of Los Angeles and is made up of neighborhoods like Beverly Hills, Bel Air, Brentwood, and Holmby Hills. The area has a high population of affluent residents and is known for its expensive homes, luxury stores, and famous celebrities. In 2013, the average sale price for a single-family home in the Westside Area was $2.8 million. Some of the most expensive neighborhoods in the Westside Area include Beverly Hills ($5 million+), Bel Air ($4.9 million+), Brentwood ($3.8 million+), and Holmby Hills ($3.7 million+).

About Malibu Area (8)

Malibu Area

The Malibu area is one of the most expensive neighborhoods in Los Angeles. It’s located in the Santa Monica Mountains, and its homes are some of the most luxurious in the city. Malibu is known for its beautiful beaches, but it’s also home to some of the city’s most affluent residents.

The median household income in Malibu is $204,000, which makes it one of the most expensive places to live in Los Angeles. Some of the most expensive neighborhoods in Malibu include Topanga Canyon, Calabasas, and Hidden Hills. The average price of a home in these neighborhoods is over $1 million.

About Studio City Area (9)

Studio City Area

Studio City is one of the most expensive neighborhoods in Los Angeles. Located just north of Beverly Hills, Studio City is known for its upscale shops and restaurants. The average price of a home in Studio City is $1.9 million. Some of the most expensive homes in the area include the Griffin estate, which sold for $130 million, and the Revere estate, which sold for $115 million.

About The Grove Area (10)

The Grove Area

The Grove is a highly prized neighborhood in Los Angeles, California. It is in the West Hollywood neighborhood and the median household income is estimated to be $183,000. The Grove has been voted one of the most expensive neighborhoods to live in Los Angeles.

Some of the most expensive properties in the area are owned by celebrities such as Oprah Winfrey and Ellen DeGeneres. The average price of a home in The Grove is over $3 million.

Some of the amenities that make The Grove an attractive place to live include its close proximity to some of Los Angeles’ prime shopping destinations, its abundance of restaurants and nightclubs, and its high level of public transportation accessibility.

One downside to living in The Grove maybe its high levels of crime; however, this is generally considered to be outweighed by the many benefits that come with living there.

Conclusion

Looking to live in one of the most luxurious neighborhoods in Los Angeles? Check out these ten neighborhoods that are among the priciest in LA. From Brentwood to Bel-Air, these areas offer a high degree of luxury and convenience all at once. If you’re looking for an upscale place to call home, these are definitely the neighborhoods for you.

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