Chart and table of population level and growth rate for the Los Angeles metro area from 1950 to 2025. United Nations population projections are also included through the year 2035.

In 2023, the real GDP of the Los Angeles metro area amount to around 1.08 trillion U.S. dollars, and increase after 2021. The overall quarterly GDP growth in the United States can be found here. Gross domestic product of Los AngelesWith a population of over 12.8 million inhabitants in 2023, Los Angeles is the second-largest city in America, following only New York. The Los Angeles metro area also ranked second among U.S. metro areas in terms of gross metropolitan product, second again only to New York City metro area, which came in with a GMP of 1.99 trillion U.S. dollars to Los Angeles’ 1.13 trillion U.S. dollars in the fiscal year of 2021. Chicago metro area ranked third with GMP of 757.2 billion U.S. dollars. Additional detailed statistics about GDP in the United States is available here. Despite Los Angeles’ high GDP, L.A. did not do as well as some cities in terms of median household income. Los Angeles ranked 9th with a median household income of 76,135 U.S. dollars annually in 2022. This was slightly higher than the median household income of the United States in 2022, which came in at 74,580 U.S. dollars annually. Located in Southern California, Los Angeles is home to Hollywood, the famous epicenter of the U.S. film and television industries. The United States is one of the leading film markets worldwide, producing 449 films in 2022, many of them produced by Hollywood-based studios. In 2018, movie ticket sales in North America generated over 11.89 billion U.S. dollars in box office revenue. Famous Hollywood actresses earn millions annually, with the best paid, Sofia Vergara, earning 43 million U.S. dollars in 2020. Second on the list was Angelina Jolie with earnings of 35.5 million U.S. dollars.

Graph and download economic data for All-Transactions House Price Index for Los Angeles County, CA (ATNHPIUS06037A) from 1975 to 2024 about Los Angeles County, CA; Los Angeles; CA; HPI; housing; price index; indexes; price; and USA.

Graph and download economic data for Total Gross Domestic Product for Los Angeles-Long Beach-Anaheim, CA (MSA) (NGMP31080) from 2001 to 2023 about Los Angeles, CA, industry, GDP, and USA.

Graph and download economic data for Resident Population in Los Angeles-Long Beach-Anaheim, CA (MSA) (LNAPOP) from 2010 to 2024 about Los Angeles, residents, CA, population, and USA.

In the last quarter of 2024, San Francisco, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at 280 U.S. dollars per square foot and Las Vegas for single-family homes between 235 and 470 U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over twice more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over five percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.

The US commercial real estate (CRE) market, valued at $1.66 trillion in 2025, is projected to experience steady growth, driven by several key factors. Strong economic fundamentals, including a robust job market and increasing demand for office, retail, and industrial space in major metropolitan areas like New York, Los Angeles, and Chicago, contribute to this positive outlook. The ongoing expansion of e-commerce fuels the demand for logistics and warehousing facilities, while the multi-family sector benefits from population growth and urbanization trends. However, rising interest rates and potential economic slowdown pose challenges, potentially impacting investment activity and rental growth. The diverse range of property types within the CRE market creates opportunities and risks. Office space faces ongoing adaptation to hybrid work models, requiring landlords to enhance amenities and improve workplace flexibility. Retail spaces are undergoing transformation, with a focus on experiential retail and omni-channel strategies to compete with online retailers. The industrial and logistics sector remains strong, driven by continued e-commerce growth and supply chain optimization efforts. Competition among CRE companies like Zillow, Keller Williams, and CBRE remains fierce, emphasizing the need for innovation in property management and technological advancements in market analysis and transaction processes. While several cities experience robust growth, others might face localized challenges that influence individual market dynamics. The overall trajectory suggests a moderate expansion, albeit with variations across sectors and geographic locations. Careful consideration of these factors is crucial for successful investment and strategic decision-making within the US CRE industry. The forecast period of 2025-2033 suggests a continuation of these trends. While the 2.61% CAGR indicates a moderate growth rate, significant variations are expected across specific segments. The industrial and logistics sectors are likely to outperform others due to sustained demand, while office space may exhibit slower growth reflecting the ongoing adjustments to hybrid work. Regional variations will also be significant, with major metropolitan areas and technology hubs likely leading the growth trajectory. Understanding these nuances and deploying appropriate risk mitigation strategies will be vital for all stakeholders in the US commercial real estate market. This comprehensive report provides an in-depth analysis of the USA commercial real estate industry, covering the period from 2019 to 2033. With a focus on key market segments – offices, retail, industrial, logistics, multi-family, and hospitality – across major cities like New York, Los Angeles, Chicago, San Francisco, Boston, Denver, Houston, Phoenix, Atlanta, and Salt Lake City, this report offers invaluable insights for investors, developers, and industry professionals. The study utilizes 2025 as the base and estimated year, with a forecast period spanning 2025-2033 and a historical period covering 2019-2024. This report projects the market value in the billions of dollars, providing granular data and analysis of market dynamics. Key drivers for this market are: Increasing number of startups. Potential restraints include: Low Awareness and Privacy Issues. Notable trends are: Industrial Sector Expected to Record High Demand.

Graph and download economic data for Unemployment Rate in Los Angeles County, CA (CALOSA7URN) from Jan 1990 to Jan 2025 about Los Angeles County, CA; Los Angeles; CA; unemployment; rate; and USA.

Graph and download economic data for S&P CoreLogic Case-Shiller CA-Los Angeles Home Price Index (LXXRSA) from Jan 1987 to Jan 2025 about Los Angeles, CA, HPI, housing, price index, indexes, price, and USA.

Telluride, CO, was the most expensive market for luxury single-family home market in the United States in 2024. In February that year, the median sales price of a single-family home in Telluride was 6.3 million U.S. dollars. Park City, UT, Paradise Valley, AZ, and the Los Angeles Beach Cities, CA, were other locations that fetched prices over 4.3 million U.S. dollars.

Graph and download economic data for Resident Population in Orange County, CA (CAORAN7POP) from 1970 to 2024 about Orange County, CA; Los Angeles; residents; CA; population; and USA.

In terms of population size, the sex ratio in the United States favors females, although the gender gap is remaining stable. In 2010, there were around 5.17 million more women, with the difference projected to decrease to around 3 million by 2027.

Gender ratios by U.S. state In the United States, the resident population was estimated to be around 331.89 million in 2021. The gender distribution of the nation has remained steady for several years, with women accounting for approximately 51.1 percent of the population since 2013. Females outnumbered males in the majority of states across the country in 2020, and there were eleven states where the gender ratio favored men.

Metro areas by population National differences between male and female populations can also be analyzed by metropolitan areas. In general, a metropolitan area is a region with a main city at its center and adjacent communities that are all connected by social and economic factors. The largest metro areas in the U.S. are New York, Los Angeles, and Chicago. In 2019, there were more women than men in all three of those areas, but Jackson, Missouri was the metro area with the highest share of female population.

This statistic presents select cities in the U.S. based on the price of medical/recreational marijuana, reported between April and December 2024, in U.S. dollars per ounce. In New Orleans, Louisiana, the price per ounce of high-quality marijuana stood at 200 dollars, as of July 28, 2024. Medical Marijuana Market Growth The medical marijuana industry in the U.S. is experiencing rapid expansion, with retail sales projected to reach $14 billion by 2028. This growth is driven by increasing legalization, with 38 states and the District of Columbia now permitting medical marijuana use. Florida leads in patient numbers, with approximately 832,000 registered users as of mid-2023. The market's expansion is also evident in the variety of consumption methods, with flowers and edibles being the most popular among U.S. adults. Regulatory Landscape and Consumer Access Despite the growing acceptance of medical marijuana, federal law still classifies cannabis with over 0.3% THC as illegal. This contradiction between state and federal laws creates a complex regulatory environment. However, public support for marijuana legalization continues to rise, with most Americans believing in its valid medical uses. States like Arizona and Illinois are forecasted to have the largest growth potential within the U.S. medical marijuana market between 2021 and 2026.

In 2023, the metropolitan area of New York-Newark-Jersey City had the biggest population in the United States. Based on annual estimates from the census, the metropolitan area had around 19.5 million inhabitants, which was a slight decrease from the previous year. The Los Angeles and Chicago metro areas rounded out the top three. What is a metropolitan statistical area? In general, a metropolitan statistical area (MSA) is a core urbanized area with a population of at least 50,000 inhabitants – the smallest MSA is Carson City, with an estimated population of nearly 56,000. The urban area is made bigger by adjacent communities that are socially and economically linked to the center. MSAs are particularly helpful in tracking demographic change over time in large communities and allow officials to see where the largest pockets of inhabitants are in the country. How many MSAs are in the United States? There were 421 metropolitan statistical areas across the U.S. as of July 2021. The largest city in each MSA is designated the principal city and will be the first name in the title. An additional two cities can be added to the title, and these will be listed in population order based on the most recent census. So, in the example of New York-Newark-Jersey City, New York has the highest population, while Jersey City has the lowest. The U.S. Census Bureau conducts an official population count every ten years, and the new count is expected to be announced by the end of 2030.

In 2023, there were about 653,104 homeless people estimated to be living in the United States, the highest number of homeless people recorded within the provided time period. In comparison, the second-highest number of homeless people living in the U.S. within this time period was in 2007, at 647,258. How is homelessness calculated? Calculating homelessness is complicated for several different reasons. For one, it is challenging to determine how many people are homeless as there is no direct definition for homelessness. Additionally, it is difficult to try and find every single homeless person that exists. Sometimes they cannot be reached, leaving people unaccounted for. In the United States, the Department of Housing and Urban Development calculates the homeless population by counting the number of people on the streets and the number of people in homeless shelters on one night each year. According to this count, Los Angeles City and New York City are the cities with the most homeless people in the United States. Homelessness in the United States Between 2022 and 2023, New Hampshire saw the highest increase in the number of homeless people. However, California was the state with the highest number of homeless people, followed by New York and Florida. The vast amount of homelessness in California is a result of multiple factors, one of them being the extreme high cost of living, as well as opposition to mandatory mental health counseling and drug addiction. However, the District of Columbia had the highest estimated rate of homelessness per 10,000 people in 2023. This was followed by New York, Vermont, and Oregon.