Housing costs in Morro Bay?
A typical home costs
$906,200, which is 168.0% more expensive than the national average of
$338,100 and 23.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Morro Bay costs
$2,140 per month, which is 49.7% more than the national average of
$1,430 and close to the state average of
$2,150.
Can I afford Morro Bay?
To live comfortably in Morro Bay, California, a minimum annual income of
$173,520 for a family, and
$64,800 for a single person is recommended.
What does A.I. say about Morro Bay?
The cost of living in Morro Bay, CA is considered to be slightly above the national average. Although the median home prices are higher than most other places, they still remain somewhat affordable when compared to other coastal cities in California. The average household income is also higher than most areas, making it easier for families to enjoy a comfortable lifestyle. Property taxes are fairly low as well, making Morro Bay an attractive place to settle down and make a home.