Brush Stroke


Professionals making over $250,000 can afford a Los Angeles home, which is "hilarious".


Stan Oklobdzija and his partner reside in a one-bedroom condo in Little Tokyo in Los Angeles, and he is aware of his good fortune. 

 Between what he makes and what she makes, "we are in the top [percent] of incomes," he told Fortune, adding that their combined income is about $225,000 annually.

But he believes that they will always be renters. "With housing costs as they are, the thought of us ever owning a home is absolutely absurd, to put it mildly. Like, we might as well be spaceship owners.

He claims that Oklobdzija, 40, is a visiting assistant professor of public policy at UC Riverside, and that his partner, 35, works in the digital advertising sector,

earning each of them six figures annually. He tweeted late last month that "the idea that we could ever own a home here is hilarious" and that they pay $2,400 a month in rent.

How can we expect a home in Los Angeles to be affordable for anyone making less than that if someone making six figures, and together with his partner making more than $200,000, feels like they can't afford it?

When Oklobdzija claims to be among the highest paid, he is correct. According to the Census Bureau, the median household income in the city of Los Angeles was $69,778 as of 2021.

 According to Statistical Atlas, those in the city's 80th and 95th percentiles of household incomes earn respectively $115,000 and nearly $243,000. Zillow estimates that the typical home in Los Angeles is worth $891,820, which is more than twice the national average.