How Much Does It Cost to Live in Beverly Hills?

When people think of luxury living in Los Angeles, Beverly Hills is often the first place that comes to mind. With its glamorous homes, upscale boutiques, fine dining, and star-studded allure, it's no surprise that Beverly Hills ranks as one of the most desirable—and priciest—places to live in the U.S.

But exactly how much does it cost to live in Beverly Hills, and what should you expect if you're considering making this iconic neighborhood your home? Let’s break down the costs—from housing to lifestyle—to give you a clear picture.

🏡 Housing Costs in Beverly Hills

Real estate in Beverly Hills is some of the most coveted in the world. From sprawling hillside estates to elegant condos, there’s a wide range of homes—but even the “entry-level” properties come with a luxury price tag.

💲 Average Home Prices (as of 2025)

• Single-family home (City of Beverly Hills): $4.5M – $35M+

• Luxury estates in gated communities: $10M – $100M+

• Condos and townhomes: $1M – $6M+

• Beverly Hills Post Office (BHPO): Often 10–20% less than central Beverly Hills, but still luxury-priced

📌 Pro Tip: The closer you are to Rodeo Drive, The Flats, or Trousdale Estates, the more premium the price per square foot.

💸 Rental Prices in Beverly Hills

Not ready to buy? Beverly Hills also offers high-end rental options—from luxury apartments to full estate leases.

🏠 Average Monthly Rents:

• 1-bedroom apartment: $4,000 – $6,000+

• Luxury 2-3 bedroom condo: $7,500 – $15,000+

• Single-family home rental: $12,000 – $50,000+ depending on location and square footage

• Ultra-luxury estates: $75,000 – $250,000+/month (fully furnished with concierge amenities)

🧾 Cost of Living: Day-to-Day Expenses

While housing is the biggest factor, everyday living in Beverly Hills comes at a premium compared to other parts of Los Angeles.

Utilities & Essentials:

• Electricity & Gas (2,500 sq ft home): $400–$800/month

• High-speed internet: $80–$150/month

• Water & trash (City of Beverly Hills): Around $150–$250/month

Transportation:

• Most residents drive luxury or exotic vehicles

• Valet parking is common at restaurants and hotels

• Proximity to everything = less commuting, more walking or rideshares

Private Services:

• Housekeeping: $250–$500/week

• Private security or patrol (for estates): $1,000–$5,000/month

• Private schooling (if not using Beverly Hills Unified School District): $25,000–$50,000/year per child

🍽️ Dining, Shopping & Entertainment

Beverly Hills offers world-class shopping and culinary experiences—and it’s easy to indulge in luxury.

Dining Out:

• Casual lunch or café: $30–$50 per person

• Fine dining (Spago, Avra, Crustacean): $100–$300+ per person

• Cocktail lounges: $18–$30 per drink

Shopping:

• Rodeo Drive is home to luxury brands like Gucci, Chanel, Dior, and Louis Vuitton

• Personal shoppers and stylists are commonly used

• Wellness services (Erewhon, IV drips, cryotherapy) are popular splurges

💼 Property Taxes & City Fees

Property Tax Rate:

• Approximately 1.2% of assessed value

• A $10 million home = roughly $120,000/year in property taxes

Other Costs:

• Some communities in Beverly Hills may have HOA dues for private roads or gated access

• Trash collection and water are managed by the City of Beverly Hills, ensuring high-quality services

✨ Is It Worth the Price?

Living in Beverly Hills means more than just a zip code. You're buying into a lifestyle of elegance, exclusivity, and legacy. From access to top-tier schools and amenities to unmatched prestige and safety, many homeowners find that the experience is well worth the investment.

✅ Pros:

• World-class dining, shopping, and real estate

• Central location with easy access to Century City, West Hollywood, and the Valley

• Prestigious schools and community services

• Unmatched brand recognition and global appeal

Final Thoughts: What It Really Costs to Live in Beverly Hills

Living in Beverly Hills is a statement—and that comes with a premium. Whether you're eyeing a contemporary hillside retreat or a classic Beverly Hills estate, the cost to live here reflects the luxury, convenience, and cachet that few neighborhoods in the world can match.

If you’re dreaming of a life surrounded by palm-lined streets, designer shops, and elegant homes, Beverly Hills offers an unparalleled living experience—with price tags to match.

Ready to Call Beverly Hills Home?

Whether you're buying, renting, or investing, I’ll help you navigate the Beverly Hills real estate market with insider insight, access to exclusive listings, and tailored guidance every step of the way.

📲 Contact me today to schedule your private consultation and discover your place in one of the most iconic neighborhoods in the world.