Los Angeles, CA variant. This is a Los Angeles, CA-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
Los Angeles's $1,075,000 median home and 0.71% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Los Angeles
On the $1,075,000 median home with 20% down ($215,000), you'd finance $860,000. At 6.5% over 30 years, P&I ≈ $5,436/month.
Add Los Angeles's 0.71% property tax (≈ $636/month) plus insurance for the all-in payment.
About Los Angeles, CA
Los Angeles does not impose a separate city income tax, so residents pay California state income tax but no additional municipal income levy on wages.
Los Angeles is a high-cost housing market with elevated home prices and rents, reflecting strong demand and limited supply across a sprawling metro area.
Los Angeles is the center of the entertainment industry and also has major trade, aerospace, and tourism sectors that shape its cost of living.
Worked example: $1,075,000 Los Angeles home
Loan $860,000 at 6.5% for 30 years → $5,436/mo P&I. Property tax ≈ $636/mo. Total before insurance ≈ $6,072/mo.
Quick reference
- Median home value: $1,075,000
- Median rent: $3,175/mo
- Median household income: $76,135
- Local sales tax: 9.5%
- Effective property tax rate: 0.71%
- Cost of living index: 168 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Los Angeles?
About $5,436/month P&I on the $1,075,000 median home with 20% down at 6.5%.
What is the property tax rate in Los Angeles?
About 0.71% of home value per year.