Cost of Living in Menifee, CA
Housing
The housing market plays a significant role in determining the cost of living in Menifee, CA.
- Housing Index: 110.0 / 100
- Median Home Price is: $606000
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2250 per month
When considering a move to Menifee, CA, it's essential to look at the housing index, which stands at 110.0—indicating a slightly above-average level of housing costs compared to national trends. With a median home price of 606000, buying a home may require a significant investment. Renters should prepare for an average of 2200 for a 2-bedroom apartment and 2250 for a 2-bedroom house, suggesting that rental costs can also be steep. It's wise to assess your budget and explore alternative neighborhoods for more affordable options.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Menifee, 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 Menifee, 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 Menifee is a financially viable option for your relocation.