Report: Los Angeles is the 7th Most Expensive Major City in U.S.
As inflation looms and wages stay relatively stagnant, a new recently released a report by DoxoINSIGHTS ranks Los Angeles as the #7 most expensive major city in the nation.
At number 50, Detroit was rated the least expensive major city in the U.S., followed by Cleveland, El Paso, Albuquerque and Memphis.
Four of the most expensive cities in the top ten are in California, with San Jose taking the top spot, with San Francisco at number four and San Diego at number five. This comes on the heels of reports since the beginning of the COVID-19 Pandemic that California reported an unprecedented .3% decline in population.
The data, which doxo has for Los Angeles as well as 4000 cities across the United States, looks at total amount spent on bills per month, and also breaks down bill payments into ten different categories, including utilities, auto loans, cable bills, and more. See below for the specific breakdown by bill pay category in Los Angeles; click the button for a detailed infographic view.
Average Cost of Monthly Bills in Los Angeles
Auto Loans $524
Health Insurance $114
Auto Insurance $181
Cable & Internet $117
Alarm & Security $80
Life Insurance $71