Beverly Hills is known for its high cost of living, particularly in housing and dining. The city offers a luxurious lifestyle, but it comes with a premium price tag.
Renting in the city centre is notably expensive, with prices for a 1-bedroom apartment averaging over $2300. Dining out can also be costly, especially in mid-range restaurants.
Transportation costs are moderate, with gasoline prices slightly above the national average. However, owning a car can be a significant expense due to high purchase prices.