Housing costs in Malibu?
A typical home costs
$3,256,500, which is 863.2% more expensive than the national average of
$338,100 and 344.0% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Malibu costs
$3,320 per month, which is 132.2% more than the national average of
$1,430 and 35.2% more than the state average of
$2,150.
Can I afford Malibu?
To live comfortably in Malibu, California, a minimum annual income of
$623,880 for a family, and
$104,400 for a single person is recommended.
What does A.I. say about Malibu?
The cost of living in Malibu, CA is high compared to the national average. Housing costs are significantly higher than the U.S. average, with the median home price being $2,138,000 and the median rent for a two-bedroom apartment being around $3200 a month. The overall cost of goods and services is also higher than the national average, with food prices being about 10% higher than the average and utilities costing an estimated 8% more. Overall, living in this desirable beach town comes at a premium cost.