Cost of Living in Folsom, CA
Housing
The housing market plays a significant role in determining the cost of living in Folsom, CA.
- Housing Index: 130.0 / 100
- Median Home Price is: $657,000
- Average Rent (2 BR Apartment): $2500 per month
- Average Rent (2 BR House): $2557 per month
Considering a move to Folsom, CA? The housing index stands at 130.0, indicating relatively high living costs compared to the national average. With a median home price of 657000, purchasing real estate may be a significant investment. If renting is more appealing, the average rent for a 2-bedroom apartment is 2500, while renting a 2-bedroom house costs slightly more at 2557. Keep in mind, local amenities, employment opportunities, and school ratings can further influence this important decision. It’s essential to budget accordingly and weigh your options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Folsom, 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.): $300 per month
Living in Folsom, 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 $300 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 Folsom is a financially viable option for your relocation.