Redfin recently released a report on the economic diversity of the nation’s major cities using 2014 city-specific median family income data from the American Community Survey. Los Angeles was ranked as the no. 7 best city for a balanced mix, with 19 percent of its neighborhoods with balanced economic diversity.
The report determined purchasing power as a 20 percent down payment on a 30-year fixed-rate mortgage at 4 percent. Monthly family income going toward a mortgage was measured at 28 percent.
Redfin measured home price mix by summarizing a 500-meter grid, which were then classified as one of three categories: mix of affordable and high-end homes, high-end homes and affordable homes.
What’s the economic breakdown of Los Angeles neighborhoods?
| Los Angeles | |||||
| Balanced Mix | Area | High-end | Area | Affordable | Area |
| Pacific Palisades | 100% | Vermont Vista | 100% | ||
| Cheviot Hills | 100% | Watts | 81% | ||
| Venice | 100% | Boyle Heights | 67% | ||
| Los Feliz | 100% | Pacoima | 64% | ||
| Beverly Hills | 100% | South Los Angeles | 61% |
Los Angeles has a reported 74 percent of high-end areas and only 7 percent of them are considered affordable.
