Cost of Living,
San Luis Obispo's Real Estate Market
San Luis Obispo-Paso Robles Metro Area
Profile: College town / small town complex
Location: Central California, halfway between Los Angeles and San Francisco, 15 miles from the coast
Time zone: Pacific Standard Time
|Year-round climate ||Isolation|
|Historic interest||Cost of living|
San Luis Obispo is a charming and historic college town and home to the 18,000-student California Polytechnic University. It has resisted the development seen in other parts of the state and preserves a pleasant, off-the-beaten-path character. The interesting downtown is accessible by foot and is centered on the old Spanish mission dating from 1772. The university brings numerous arts and entertainment amenities, and the central California coastal climate is ideal.
Predictably, cost of living is high, although not as high as other places in the state. The absence of a strong commercial economy makes jobs difficult to find and future job-growth projections are low but improving. While San Luis Obispo is more oriented towards students and some wealthier residents, Paso Robles and Atascadero, along U.S. 101 towards the north, are more family oriented and not as closely tied to the university. Paso Robles is a nice old resort town and wine-growing area. Location influences the rating positively and negatively- the town is isolated from big-city services but also big-city problems, and the area scores well in all categories except living costs and healthcare.
San Luis Obispo is located in the center of the narrow Los Osos Valley, which opens to the northwest onto scenic Morro Bay. The town is far enough inland to be warmer and drier than many coastal locations. The climate is Mediterranean marine. The hills to the southwest tend to block some of the ocean-borne low stratus clouds, resulting in mostly sunny and pleasant summer days. Very cold weather is unusual. Almost all precipitation falls in winter as rain.
Interesting Facts about San_Luis_Obispo, California
As of 2014, San Luis Obispo's population is 45,328 people. Since 2000, it has had a population growth of 7.06 percent.--------------------
The median home cost in San Luis Obispo is $583,100. Home appreciation the last year has been 12.70 percent.--------------------
Compared to the rest of the country, San Luis Obispo's cost of living is 84.60% Higher than the U.S. average.--------------------
San Luis Obispo public schools spend $10,543 per student. The average school expenditure in the U.S. is $12,435. There are about 19.1 students per teacher in San Luis Obispo.--------------------
The unemployment rate in San Luis Obispo is 5.70 percent(U.S. avg. is 6.30%). Recent job growth is Positive. San Luis Obispo jobs have Increased by 0.23 percent.
Ranked #3 2005 Best Places to Live
Ranked #10 Most Competitive Public Colleges
Ranked #16 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #64 Best Green Cities
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Average Commute time is 15 minutes. The National Average is 25 minutes.--------------------
San Luis Obispo's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes