Cost of Living in Carmel valley, CA
Housing
The housing market plays a significant role in determining the cost of living in Carmel valley, CA.
- Housing Index: 140.0 / 100
- Median Home Price is: $1,620,000
- Average Rent (2 BR Apartment): $3500 per month
- Average Rent (2 BR House): $3600 per month
In Carmel valley, CA, the current housing index of 140.0 indicates a competitive market, suggesting that home prices and renting costs are relatively high. A median home price of 1620000 can be challenging for some buyers, while the average rents of 3500 for apartments and 3600 for houses underscore the steep rental rates in the area. If you’re considering moving here, be prepared for potential financial commitments that reflect the demand in such a vibrant market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Carmel valley, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Carmel valley, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Carmel valley is a financially viable option for your relocation.