The housing market plays a significant role in determining the cost of living in Arcadia, CA.
When considering a move to Arcadia, CA, it's essential to examine the housing data provided. With a housing index of 160.0, the current market leans towards being relatively high compared to national standards. The median home price of 1091000 indicates a significant investment, while the average rent for a 2-bedroom apartment is 2800 and for a house is 2845. These figures suggest a competitive rental market, focusing on affordable living options may yield better choices, especially if you plan to transition into purchasing a home down the line.
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Arcadia, CA.
Living in Arcadia, 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 350 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 Bethlehem is a financially viable option for your relocation.
The cost of living index is a widely used metric to determine the relative affordability of cities and towns.
The median income is an important factor to consider when evaluating the affordability of a city or town.
Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.
When considering a move to Arcadia, CA, consider the following factors: