Cost of Living in Beverly hills, CA
Housing
The housing market plays a significant role in determining the cost of living in Beverly hills, CA.
- Housing Index: 200.0 / 100
- Median Home Price is: $1,935,000
- Average Rent (2 BR Apartment): $3500 per month
- Average Rent (2 BR House): $3600 per month
When considering a move to Beverly hills, CA, it's crucial to evaluate the housing landscape. With a housing index of 200.0, the local market appears to be quite competitive. The median home price stands at 1935000, indicating a premium entry point for homebuyers. Additionally, rental costs are significant, with an average rent of 3500 for a 2-bedroom apartment and 3600 for a 2-bedroom house. These figures suggest that potential residents should be prepared for a higher cost of living. Be sure to factor in the area's amenities and job market when 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 Beverly hills, 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 Beverly hills, 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 Beverly hills is a financially viable option for your relocation.