Salary, Cost of Living & Best Neighborhoods in Beverly Hills, CA
Beverly Hills, CA
Salary And Cost Of Living In Beverly Hills CA
Beverly Hills, CA is synonymous with luxury, prestige, and world‑class amenities. However, living in this iconic Los Angeles enclave comes with a unique financial reality that prospective residents should understand. From high salaries in entertainment, law, and finance to some of the most expensive housing in the country, the city offers exceptional quality of life at a premium. In the following sections, we will explore the average salary, cost of living, home values and rents, best neighborhoods, and schools in Beverly Hills, CA to provide a clear picture of what it takes to live here comfortably.
Average Salary In Beverly Hills CA
Thanks to its concentration of high‑earning professionals, executives, and entrepreneurs, average salaries in Beverly Hills, CA tend to be significantly higher than state and national averages. Many residents work in entertainment, law, finance, luxury retail, and healthcare, often holding senior or specialized roles. However, it is important to note that the median earnings for all workers, including support staff and service workers, are lower than the very visible top tier.
The table below provides a general overview of estimated annual salary ranges for common professions in Beverly Hills, CA:
| Profession (Beverly Hills CA) | Estimated Annual Salary Range | Notes |
|---|---|---|
| Attorney / Entertainment Lawyer | $150,000 – $350,000+ | High due to entertainment and corporate clients |
| Physician / Specialist | $200,000 – $400,000+ | Specialists can earn substantially more |
| Senior Corporate / Finance Professional | $140,000 – $300,000+ | Bonuses and equity may increase total comp |
| Marketing / Media Manager | $90,000 – $160,000 | Common in entertainment and luxury brands |
| Registered Nurse | $85,000 – $140,000 | Higher end at prestigious medical centers |
| Administrative / Office Staff | $50,000 – $80,000 | Varies by firm size and role |
| Retail & Hospitality | $35,000 – $60,000 | Some roles supplemented by tips and commissions |
Because housing and everyday expenses are so high, even six‑figure salaries can feel stretched in Beverly Hills, CA unless they are paired with careful budgeting or additional household income. This makes it especially important for prospective residents to compare expected earnings with lifestyle expectations.
Cost Of Living In Beverly Hills CA
The cost of living in Beverly Hills, CA is among the highest in the United States. While residents enjoy beautiful streetscapes, elite shopping, and quick access to Los Angeles cultural hubs, everything from groceries to insurance tends to cost more. When compared with the national average index of 100, Beverly Hills frequently scores well above 200 in overall cost, with housing as the largest driver.
To illustrate how expenses can add up, the following table shows an approximate breakdown of monthly costs for a single professional versus a family of four living in Beverly Hills, CA. These estimates are for informational purposes and can vary widely based on lifestyle choices.
| Monthly Expense (Beverly Hills CA) | Single Professional | Family of Four |
|---|---|---|
| Rent (2–3 bedroom) | $3,000 – $4,500 (1–2 bedroom) | $5,500 – $8,500 |
| Utilities & Internet | $200 – $350 | $300 – $500 |
| Groceries & Household Items | $500 – $800 | $1,200 – $1,800 |
| Transportation (car, gas, insurance) | $400 – $800 | $800 – $1,400 |
| Dining & Entertainment | $400 – $800 | $600 – $1,200 |
| Childcare / Activities | N/A or $0 – $500 | $1,000 – $2,000+ |
| Estimated Total | $4,500 – $7,300+ | $9,400 – $15,400+ |
These estimates highlight that living comfortably in Beverly Hills, CA often requires a substantial income, particularly for families who wish to take advantage of local schools and amenities while also saving for the future.
Average Home Values And Rents In Beverly Hills CA
The real estate market in Beverly Hills, CA is world‑renowned and highly competitive. Average home values in Beverly Hills regularly rank among the highest in California, driven by limited inventory, strong global demand, and the city’s enduring prestige. Single‑family homes often feature expansive lots, architectural significance, and luxury finishes, all of which contribute to premium pricing.
Below is a simplified snapshot of typical home values and rental rates in Beverly Hills, CA:
| Housing Type (Beverly Hills CA) | Typical Price / Rent | Comments |
|---|---|---|
| Condo / Apartment (1–2 bedroom) | Purchase: $900,000 – $1.8M Rent: $3,000 – $5,500 / month |
Common near commercial corridors and Wilshire Blvd |
| Single‑Family Home (standard lot) | Purchase: $3M – $7M+ Rent: $8,000 – $20,000+ / month |
Widely variable based on condition and location |
| Luxury Estate / View Property | Purchase: $8M – $30M+ Rent: $25,000 – $100,000+ / month |
Includes Beverly Hills Flats and hillside estates |
Prospective buyers in Beverly Hills, CA should be prepared for strong competition and premium pricing, particularly in the most desirable streets and gated areas. Renters, meanwhile, benefit from a range of apartment and condo options but still face some of the highest rents in the Los Angeles region.
Best Neighborhoods In Beverly Hills CA
Beverly Hills, CA may be geographically compact, but it contains several distinct neighborhoods, each with its own character and appeal. When considering where to live, it is useful to compare home styles, walkability, and proximity to schools, parks, and shopping.
The following table highlights some of the best neighborhoods in Beverly Hills, CA and what makes them stand out:
| Neighborhood (Beverly Hills CA) | Key Features | Typical Buyer / Renter |
|---|---|---|
| Beverly Hills Flats | Tree‑lined streets, large lots, close to Rodeo Drive and downtown Beverly Hills | Luxury buyers seeking prestige and walkability |
| Beverly Hills Gateway | Northern area near Sunset Blvd, estates, gated properties | High‑net‑worth individuals desiring privacy |
| Beverly Hills Post Office (BHPO) | Hillside homes, canyon views, Beverly Hills address but City of Los Angeles services | Buyers seeking larger lots and scenic settings |
| South of Wilshire | Mix of single‑family homes and apartments, more approachable pricing | Professionals, downsizers, and renters |
| Golden Triangle Area (Commercial Core) | Close to shopping, dining, and major employers | Residents prioritizing convenience and urban amenities |
For those moving to Beverly Hills, CA from other parts of Los Angeles, working with a local real estate professional can be invaluable in exploring these neighborhoods, understanding zoning, and identifying off‑market opportunities.
Schools In Beverly Hills CA
One of the major draws for families is the highly regarded Beverly Hills Unified School District (BHUSD), which serves much of the city. The district is known for strong academic performance, extensive extracurricular offerings, and well‑maintained facilities. In addition, the area hosts several respected private schools and specialized programs.
Below is a brief overview of notable public schools in Beverly Hills, CA:
| School (Beverly Hills CA) | Type | Highlights |
|---|---|---|
| Beverly Hills High School | Public, Grades 9–12 | Strong academic programs, arts, athletics, and college preparatory focus |
| El Rodeo School | Public, K–8 | Community feel, updated facilities, diverse activities |
| Hawthorne School | Public, K–8 | Central location, strong academics, and enrichment programs |
In addition to public options, many families in Beverly Hills, CA also explore private and parochial schools in nearby Los Angeles neighborhoods, particularly those offering specialized curricula, religious education, or alternative learning philosophies.
Living In Beverly Hills CA Balancing Salary And Lifestyle
Choosing to live in Beverly Hills, CA means embracing both its exceptional advantages and its financial realities. High salaries and lucrative professional opportunities can offset the region’s steep housing costs and elevated cost of living, but careful planning is essential. Prospective residents should evaluate their career trajectory, housing preferences, schooling needs, and long‑term financial goals when deciding whether Beverly Hills is the right fit.
Ultimately, Beverly Hills, CA offers a rare combination of prestige, walkable luxury, strong public schools, and access to the broader Los Angeles economy. For those whose incomes align with local home values and everyday costs, it can be an outstanding place to build a career, raise a family, or enjoy an upscale urban‑suburban lifestyle in one of California’s most iconic cities.
Frequently Asked Questions About Living in Beverly Hills, CA
What is the cost of living like in Beverly Hills, CA?
Beverly Hills has one of the highest costs of living in the United States. Housing is the largest expense, with home prices and rents significantly above the Los Angeles metropolitan average due to limited inventory and high demand. Everyday expenses such as dining, personal services, and retail shopping also tend to be higher, particularly in upscale areas like the Golden Triangle and Rodeo Drive. Property taxes follow California’s Prop 13 rules, but the high property values result in substantial tax bills. Residents should budget carefully for housing, utilities, transportation, insurance, and private schooling if desired, as these costs can accumulate quickly.
What are the public schools like in Beverly Hills?
Beverly Hills is served by the Beverly Hills Unified School District, which is known for strong academic performance, well-maintained facilities, and a wide range of extracurricular activities. The district includes several elementary schools, a middle school, and Beverly Hills High School, which is recognized for its college preparatory programs, arts, and athletics. Class sizes are generally smaller than in many neighboring districts, and the community is actively involved in supporting schools through local foundations and parent organizations. Families also have access to nearby private and independent schools offering specialized curricula, religious education, and alternative learning models.
How is the safety and security in Beverly Hills?
Beverly Hills is generally considered a safe community with a dedicated local police department, proactive patrols, and strong municipal services. Property crimes, particularly those related to high-value vehicles and residences, can occur due to the area’s affluence, but violent crime rates are comparatively low relative to many urban areas. Many homes and buildings incorporate private security systems, surveillance cameras, and gated access. The city also invests in emergency preparedness, traffic safety, and community policing initiatives to maintain a high level of security for residents, businesses, and visitors.
What is the lifestyle and community atmosphere like in Beverly Hills?
The lifestyle in Beverly Hills is upscale, cosmopolitan, and service-oriented, with a strong emphasis on luxury, privacy, and convenience. Residents enjoy high-end shopping, fine dining, boutique fitness studios, and access to premium personal services. Despite its reputation for glamour, many residential neighborhoods are quiet, walkable, and family-friendly, with tree-lined streets and well-kept parks. The city hosts cultural events, outdoor concerts, art shows, and seasonal celebrations that foster a sense of community. Residents often value discretion and security, but there are ample opportunities to socialize through local clubs, charitable organizations, and civic groups.
What are the transportation and commuting options in Beverly Hills?
Beverly Hills is centrally located on the Westside of Los Angeles, making it convenient for commuting to nearby business districts such as Century City, West Hollywood, and Downtown Los Angeles. Most residents rely on cars, and traffic can be heavy during peak hours on major corridors like Wilshire Boulevard, Santa Monica Boulevard, and Sunset Boulevard. The city is served by several bus routes, and Metro’s Purple (D) Line extension will improve rail access when fully completed. Rideshare services, private drivers, and valet parking are widely used at hotels, restaurants, and shopping areas. Within residential neighborhoods and the commercial core, walking is common, and the city has invested in pedestrian-friendly streetscapes and some cycling infrastructure.
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