Where Do Billionaires Live in Los Angeles?
Los Angeles is one of the most affluent suburbs in the California. It is a commercial, financial and cultural center in Southern California. There are many billionaires and celebrities who live in Los Angeles. Some of the celebrities who own properties in Los Angeles include Lady Gaga, Camilla Cabello, and Drake. Los Angeles is well known across the world for its Hollywood film industry and nightlife.
How many billionaires in Los Angeles? Los Angeles is a home to 45 billionaires among them being Rihanna and Snapchat founder Evan Spiegel.
Here, we are going to focus on the most expensive parts of Los Angeles where rich people live.
Where Do the Rich live in Los Angeles?
The following are some of the richest neighborhoods in Los Angeles where rich people live.
1. Bel Air
- Average property prices: $4.3 million
- Average household income: $183,950
Bel Air is the richest neighborhood in Los Angeles. It is located at the foothills of the Santa Monica Mountains. Properties are expensive and you also need a high household income to survive in this suburb.
Some of the billionaires who have had a home in Bel Air include Elon Musk, Jay Z, Rod Stewart, and Beyonce. The suburb experiences warm and dry summers. Some of the amenities located in Bel Air include American Jewish University and Hannah Carter Japanese Garden.
2. Pacific Palisades
- Average property prices: $3.9 million
- Average household income: $177,558
Pacific Palisades is also one of the richest neighborhoods in Los Angeles. It is located in the Westside area of Los Angeles. Some of the celebrities who own property in this suburb include James Worthy, Nicole Kidman, Kate Hudson, and Bob Saget.
The suburb has many amenities where people can relax and enjoy themselves. Some of these amenities include trail city parks, state parks, and beaches. Pacific Palisades experiences a Mediterranean climate with temperate temperatures throughout the year.
Also read: Where do rich people live in California?
- Average property prices: $2.2 million
- Average household income: $169,650
Brentwood is another place where rich people live in Los Angeles. It is located at the base of the Santa Monica Mountains. Brentwood is subdivided into nine smaller suburbs. Some of the prominent people who have lived in Brentwood include Arnold Schwarzenegger, Marilyn Monroe, and Joan Crawford.
The suburb experiences a temperate climate that is influenced by the marine breezes of the Pacific Ocean. It has an indoor gymnasium that converts into small auditoriums. A majority of people who live in Brentwood are accountants and lawyers.
4. Beverly Glen
- Average property prices: $2.7 million
- Average household income: $116,423
Beverly Glen is located in the Santa Monica Mountains neighborhood. It is a rich neighborhood that attracts high net worth individuals. Some of the notable people who have properties in Beverly Glen include Samuel L. Jackson, Faith Hill, and Denzel Washington.
The area has seen a sharp increase in the value of property prices in the recent past. The suburb has amenities such as tennis courts and outdoor pools.
Also read: Where do rich people live in New York?
5. Beverly Crest
- Average property prices: $3.7 million
- Average household income: 101,070
Beverly Crest is one of the most expensive suburbs in Los Angeles with low population density. The suburb has large homes that offer residents ample privacy. Some of the celebrities with properties in Beverly Crest include Drake who owns a $75 million estate.
It is one of the newest suburbs in Los Angeles located in the hills of the Santa Monica Mountains. Some of the richest mansions in these include Rock Hudson’s Castel and the Pritzker Estate.
6. West Los Angeles
- Average property prices: $1.1 million
- Average household income: $109,618
West Los Angeles is an expensive residential and commercial neighborhood. Some of the celebrities with properties in West Los Angeles include Pat Doyle and Mitchel Schwartz and Geoff Schwartz.
There are many parks and recreation centers where people can enjoy themselves. Among them is The Stoner Recreation Center which has a waterpark, barbecue pits, and outdoor basketball courts. Besides, there are also areas where children can play and there is also a gymnasium.
7. West Hills
- Average property prices: $1 million
- Average household income: $109,439
West Hills is located in the Western San Fernando region. A majority of people in this suburb are over 35 years old. The area has a high cost of living and property prices are also high.
The suburb has many parks and outdoor spaces that residents can enjoy. Besides, there are public schools and health and fitness facilities. There are also clubs and you can get to enjoy the nightlife.
Also read: Where do billionaires live in USA?
8. Hollywood Hills
- Average property prices: $2 million
- Average household income: $108,400
Hollywood Hills is the most central city of Los Angeles. It sits in the Santa Monica Mountains. There are many celebrities with properties in Hollywood Hills like Christina Aguilera, Lady Gaga, Camila Cabello, Salma Hayek, Tobey Maguire, and Anna Kendrick.
A majority of people in this suburb are aged over 25 years. 54.8% of people aged over 25 years in this suburb have a four-year degree.
Summary of Where Billionaires Live in Los Angeles
The above are some of the most expensive suburbs in Los Angles where rich people. Los Angeles is one of the largest cities in California and is a tourist attraction center. It is well known for its Hollywood film industry and nightlife. The cost of living in Los Angeles is high while property prices are also high. There are many other rich suburbs in Los Angeles apart from the ones we have mentioned.