Cost of Living in Banning, CA
Housing
The housing market plays a significant role in determining the cost of living in Banning, CA.
- Housing Index: 110.0 / 100
- Median Home Price is: $420,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1828 per month
Considering a move to Banning, CA? The housing index sits at 110.0, indicating that home prices are moderately above the national average. With a median home price of 420000, purchasing a home could be a substantial investment. If renting is your preference, expect to pay an average of 1800 for a 2-bedroom apartment and 1828 for a 2-bedroom house. Research additional factors like local amenities and community offerings to make an informed decision, as these can greatly enhance your living experience.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Banning, 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 Banning, 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 Banning is a financially viable option for your relocation.