This fall, CNN named our little Los Angeles neighborhood of Silver Lake one of the best big-city neighborhoods in the country.
The cost of living in Silver Lake? Home values are at a median value of $632,000, while median household income is $62,800 and an average two-bedroom rental price is $2,100. But the perks are more about getting out in the neighborhood, whether it be jogging around the Silver Lake Reservoir, the diversity of the community, and walking the dog and/or stroller along the popular Sunset Junction.
The only negative? Home buying can be extremely competitive.