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: $1,371,000
- 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 Hermosa beach is a financially viable option for your relocation.