Cost of Living in Hermosa beach, CA

Housing

The housing market plays a significant role in determining the cost of living in Hermosa beach, CA.

• Housing Index: 200.0 / 100
• Median Home Price is: $1371000
• Average Rent (2 BR Apartment): $3500 per month
• Average Rent (2 BR House): $3600 per month

Analyzing the housing market in Hermosa beach, CA, we find a housing index of 200.0, indicating a competitive market. With a median home price of 1371000, homeownership may require significant investment. Additionally, rents for a 2-bedroom apartment and house are substantially high at 3500 and 3600, respectively. Such costs suggest a thriving demand for housing options, fueled possibly by economic development or population growth in the area. It's essential for potential movers to weigh their budgeting carefully against these housing costs to make informed decisions about relocation.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hermosa beach, 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 Hermosa beach, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 160.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $149500

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Hermosa beach, CA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.