Cheap Los Angeles, CA Self-Storage

What It's Like to Live in Los Angeles

With a population of around 4 million, Los Angeles is the second largest city in the U.S. after NYC and a proud home to the entertainment industry and UCLA u2014 the highest-ranked public university in the country. The hustle and bustle of this big city attracts artists and people trying to make it in the movie industry but also young tech professionals and students that want a career in biology, business economics, or political science.

Moving to Los Angeles

If you plan to move to Los Angeles for a career change, to expand an existing business, or to count yourself among the honorable students at UCLA or the University of Southern California, you have to factor in the high cost of living, economic opportunities, and the neighborhoods that best suit your needs.

Los Angeles' True Cost of Living

Although the second most populous city, LA ranks slightly lower among the most expensive cities in the U.S. This doesn't soothe newcomers very much, as it is still a very high price to pay if you want to live comfortably. Almost 50% higher than the national average, the cost of living in Los Angeles is mainly driven up by housing and transportation.

Taking into account median home values made publicly available for 2020, an average house in LA used to sell for $670,000, the mortgage for it was around $2,000, and a rental costs roughly $1,500. Unfortunately, these numbers no longer stand, as the median home value in 2022 is above $900,000 and still rising. A single adult would need an annual income of $45,000 before taxes, while a family composed of two adults and a child would need around $85,000-$100,000, depending on whether only one or both adults are working.

Business Opportunities in Los Angeles

A great place for networking, LA offers a lot of business opportunities beyond the entertainment industry and is home to many tech startups. Asides from the aerospace giants (SpaceX, Boeing, Virgin Galactic) and top bioscience R&D facilities and institutions, other top industries in Los Angeles are fashion, transportation, and commerce.

Business partners and talent are easy to find, multiple funding opportunities are available, and the Los Angeles County Economic Development Committee offers incentives to new business setups in areas like healthcare, construction, and manufacturing.

Popular Neighborhoods in LA

The best place to live in Los Angeles varies from one person to another and it depends not only on income but also on your interests in terms of atmosphere and amenities.

• Best neighborhoods for students (affordable and with plenty of nightlife and entertainment options): Westwood, Playa Vista, and Playa del Rey.
• Best neighborhoods for young families (good schools, great walkability, and extremely safe): Culver City, Montecito Heights, and Eagle Rock.
• Best neighborhoods for young professionals (trendy vibes, lots of shops and restaurants): Los Feliz, Silver Lake, and Downtown LA.
• Best Los Angeles suburbs: Santa Monica, South Pasadena, and Manhattan Beach.

Self-Storage Units in Los Angeles

Whether relocating for a better job opportunity, looking to attract new customers for your business, or attending one of the prestigious colleges in Los Angeles, you will find self-storage units a must and not only while relocating. For instance, students will need this storage space when moving home for the summer, and businesses to properly store their stacks of documents throughout the year.

Pro tip: With plenty of Los Angeles self-storage facilities to choose from, make sure you get a climate controlled storage unit if you store sensitive items. This is an often overlooked feature that can make a huge difference.