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Los Angeles County, CA

RANK #835 / 996 NAT  ·  #23 / 43 CA  ·  POP 9,936,690

1YR FORECAST: -0.3%

5YR OUTLOOK: +15%

#6 Best Climate & Terrain
Our model projects Los Angeles County's housing market at -0.3% over the next year, underperforming most U.S. counties.

[01] Why Los Angeles County?

Encompassing 88 incorporated cities, Los Angeles County is a vast and diverse region in Southern California, known for its expansive urban landscape, iconic landmarks like the Hollywood Sign, and a unique blend of cultures. The county stretches from the Pacific coastline, offering beaches in Malibu and Santa Monica, to mountainous areas with hiking and equestrian trails. Its Mediterranean climate provides sunny weather year-round, contributing to its high natural amenity rating. Commute options include an extensive Metro Rail and bus system, Metrolink commuter rail, and various rideshare programs, though traffic congestion remains a significant factor. The Los Angeles Unified School District is one of many public school districts, alongside numerous private institutions.

Life in Los Angeles County is shaped by its diverse communities and economic landscape. The county's economy, approaching $1 trillion, is driven by international trade, entertainment, aerospace, and tourism, with a significant creative economy. While the region added jobs in 2024, residents have expressed dissatisfaction with the rising cost of living, particularly housing. Major investments are flowing into commercial and residential development, as well as the energy sector, contributing to ongoing economic shifts. The county's extensive park system, including 63,000 acres of parks, lakes, and trails, provides abundant outdoor recreation opportunities.

[02] Market Snapshot

Housing Ratio
9.0x

Overvalued relative to economy

GDP Growth
+2.1%

Below national median

Home Prices
-1.1%

Prices declining

Climate & Terrain
10.3

Favorable climate & terrain

Price/Rent
22x

Prices detached from rents

Housing looks overvalued at 9.0x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    County of Los Angeles Government
    50,000+
  2. 2
    Cedars-Sinai Health System Healthcare
  3. 3
    Kaiser Permanente Healthcare
    25,000+
  4. 4
    University of Southern California (USC) Education
    10,000+
  5. 5
    UCLA Health System Healthcare
  6. 6
    The Walt Disney Company Hospitality
  7. 7
    Northrop Grumman Corp. Manufacturing
  8. 8
    Boeing Co. Manufacturing
  9. 9
    Target Corp. Retail
  10. 10
    Wells Fargo & Co. Finance

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Los Angeles County U.S. National

The Numbers

DEMOGRAPHICS
Population
9,936,690
-0.83% YoY
Median Household Income
$83,411
Median Home Value
$732,200
-1.13% 12mo
Median Rent
$1,805
Average Annual Pay
$83,554
+3.7% YoY
Employment
4,525,711
+1.2% YoY
Income-to-Home-Value
0.1139
Less affordable than average
Migration Inflow
1.08%
of pop. from another state
Bachelor's Degree+
34.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$905,000
Days on Market
63
Slower market
Months of Supply
4.4
Balanced market
Sale-to-List Ratio
99.4%
Near asking price
Sold Above List
36.5%
Listings w/ Price Drops
18.0%
Building Permits (2024)
19,809
Single-Family Permits
9,106

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.4
per 100K · nat avg 6.3
Firearm Fatalities
8.2
per 100K · nat avg 14.8
Injury Deaths
53.0
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

F
AIR QUALITY
GRADE
Median AQI (3yr)
73.3
Moderate
Good Air Days
6%
67 of 1,095 days
Unhealthy+ Days (3yr)
278
Includes 5 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
79
2022
74
2023
67
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$3,810M
TOTAL
PROJECT AMOUNT STATUS
Eland Solar-plus-Storage Center
Arevon (with LADWP and Glendale Water and Power as off-takers)
$2,000M Operating
Scattergood Generating Station Hydrogen Retrofit (Units 1 & 2)
Los Angeles Department of Water and Power (LADWP)
$800M Under Construction
General Hospital and West Campus Redevelopment
LA County Department of Economic Opportunity (with Charles R. Drew University of Medicine and Science and Century Housing Corporation)
$500M Planned
Humidor Battery Energy Storage System (BESS) Project
Fullmark Energy
$300M Operating
Covina Reliability Project
RWE
$110M Planned
Willowbrook Wellness Campus (Affordable Housing Development)
LA County Department of Economic Opportunity (with Linc Housing, Charles R. Drew University of Medicine and Science and Century Housing Corporation)
$100M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +2.1% 36 percentile
Population Growth -0.8% 5 percentile
Income Growth +9.2% 67 percentile
Vacancy Rate 1.2% 37 percentile
Home Price Change -1.1% 20 percentile
Rent Growth +0.6% 15 percentile
Price/Rent 22x 4 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Los Angeles County, CA a good place to move to?

The data is not encouraging — Los Angeles County scores just 15/100 on the Boom Town Index, ranking #835 of 996 counties. Job growth at +1.2% and median household income of $83,411 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Los Angeles County affordable?

Affordability is a real challenge in Los Angeles County. The median home is valued at $732,200 — with an income-to-home-value ratio of just 0.11, that's significantly harder to afford than in most U.S. counties. Median rent runs $1,805/month.

Is Los Angeles County growing or shrinking?

It's a mixed picture in Los Angeles County. The population is declining (-0.8% YoY), but employers are actually hiring — job growth is at +1.2%. Home values moved -1.1% in the last year. That tension between shrinking population and expanding employment often signals a county in transition.

Are many people relocating to Los Angeles County?

Not particularly — 1.08% of Los Angeles County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Other CA Counties

Santa Cruz County, CA 15 Marin County, CA 15 Orange County, CA 15 Solano County, CA 14 Shasta County, CA 17 San Francisco County, CA 13