Housing costs in La Palma?
A typical home costs
$969,400, which is 186.7% more expensive than the national average of
$338,100 and 32.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in La Palma costs
$2,400 per month, which is 67.8% more than the national average of
$1,430 and 10.4% more than the state average of
$2,150.
Can I afford La Palma?
To live comfortably in La Palma, California, a minimum annual income of
$185,760 for a family, and
$80,000 for a single person is recommended.
What does A.I. say about La Palma?
The cost of living in La Palma, CA is slightly above the national average, with a cost of living index of 118.7 compared to the national average 100%. Prices for food, transportation and health care are all relatively high, while rents and utilities are about the same as the rest of the country. However, wages in La Palma tend to be higher than those found in other parts of California and the United States, making it an attractive place to live for those looking for gainful employment. Additionally, local taxes are lower than other places in California which helps to offset some of the higher costs associated with living here.