Cost of Living in Fresno, CA
Housing
The housing market plays a significant role in determining the cost of living in Fresno, CA.
- Housing Index: 120.5 / 100
- Median Home Price is: $355,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1850 per month
When considering a move to Fresno, CA, the housing data reveals a housing index of 120.5, indicating that the cost of living here is relatively higher than the national average. The median home price stands at 355000, which may present an investment opportunity. Alternatively, if renting is preferred, you’ll find the average rent for a 2-bedroom apartment at 1800, and for a house at 1850. These figures suggest a competitive rental market, making it crucial to weigh your options thoroughly before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fresno, 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 Fresno, 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 Fresno is a financially viable option for your relocation.