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Affordability generates growth among 20-29 year olds in South Los Angeles

• Over the past 16 years, South Los Angeles has seen a rise in its young adult population as the area now boasts one of the highest concentrations of young adults throughout the metro area.

• Much of this growth can be attributed to a substantially lower cost of living. Last year, it was reported that South Los Angelinos paid an average of $13,838 a year in housing, 47 per cent less than the rest of the Los Angeles metro area. In addition, transit projects such as the Metro Expo and Silver Lines have improved the access to affordable transportation and helped connect locals to businesses centers like Downtown LA and Santa Monica.

• As this concertation of young persons heads south west toward areas like Inglewood and Hawthrone (two cities that will connect to the Metro Crenshaw Line in 2019), it should be expected that similar trends will spill over
into parts of the South Bay as well, making it and South LA one of the youngest up and coming regions within
Los Angeles.

Source: JLL Research




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