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These days, finding an affordable place to live in the Long Beach area can be challenging. Home prices in Long Beach are now at a median cost of $350,161, higher than the Minnesota average of $345,793.
The average cost of rent is $1,022/mo in Long Beach, primarily driven by the current value of real estate in the Long Beach area. In Long Beach, 18.08% of households rent, and 45.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Long Beach is $6,934 per month. Households that rent pay about 14.73% of their income on rent here. Long Beach’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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