Cost of Living in Berkeley, CA
Housing
The housing market plays a significant role in determining the cost of living in Berkeley, CA.
- Housing Index: 150.0 / 100
- Median Home Price is: $1,120,000
- Average Rent (2 BR Apartment): $3200 per month
- Average Rent (2 BR House): $3280 per month
Considering a move to Berkeley, CA? The housing index stands at 150.0, which reflects a competitive real estate market. With a median home price of 1120000, buying may not be an easy feat. For rentals, expect to pay about 3200 for a 2-bedroom apartment or 3280 for a house, indicating high rental costs as well. Historically, the area has seen stable appreciation, but it is essential to weigh these financial obligations against income levels and lifestyle preferences. Consider all factors before making your decision!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Berkeley, 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.): $260 per month
Living in Berkeley, 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 $260 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 Berkeley is a financially viable option for your relocation.