Cost of Living in Santa monica, CA
Housing
The housing market plays a significant role in determining the cost of living in Santa monica, CA.
- Housing Index: 140.5 / 100
- Median Home Price is: $1380000
- Average Rent (2 BR Apartment): $3500 per month
- Average Rent (2 BR House): $3680 per month
When considering moving to Santa monica, CA, it's essential to note that the housing index stands at 140.5. With a median home price of 1380000, potential buyers should prepare for a significant investment. Additionally, the average rent for a 2-bedroom apartment and house are quite steep at 3500 and 3680, respectively. This indicates a competitive rental market, suggesting high demand. However, with such rates, residents can expect numerous amenities and a vibrant community. Be sure to weigh these costs against your budget and lifestyle preferences 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 Santa monica, 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.): $220 per month
Living in Santa monica, 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 $220 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 Santa monica is a financially viable option for your relocation.