It’s no secret: California is expensive.
The median price for a home there is more than $540,000.
The median rent is nearly $3,000.
That’s about twice the national average of $218,000 and $1,695, respectively.
How much money do you need to live comfortably in California?
A family of four in the two-county region would need to earn $6,528 a month, or $78,336 a year, to meet its living expenses. For a family of two adults, the annual earning target would be $49,078 and the monthly outlay for housing, food and other necessities is estimated at $4,090.
How much does it cost to move to California?
Moving a 1-bedroom apartment to California from New York costs an average of $2,586, whereas moving a 3-bedroom house from Brooklyn, NY to San Francisco, California can cost between $7,000 and $10,000. If you’re moving to California from a closer location (not cross-country), the cost will be less.
How much is the average house in California?
California median home prices have risen by $120,000 in the last three years, once again putting them out of reach of most households in the state. The median sales price for homes in California – the middle-priced home in a ranked list – was $393,000 in January 2015, according to real estate tracking firm Zillow.com.
Is California more expensive than New York?
New York City is 17% more expensive than Los Angeles, California.
Why is California so expensive?
Why California is so expensive: It’s not just the weather, it’s the regulation. The state of California has some of the most expensive housing in the country. He finds that it’s down to how land use is regulated; each new land-use regulation reduces a Californian city’s housing supply by 0.2 percent per year.
Photo in the article by “Flickr”