Housing costs in Santa Monica?
A typical home costs
$1,656,900, which is 390.1% more expensive than the national average of
$338,100 and 125.9% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Santa Monica costs
$2,810 per month, which is 96.5% more than the national average of
$1,430 and 23.5% more than the state average of
$2,150.
Can I afford Santa Monica?
To live comfortably in Santa Monica, California, a minimum annual income of
$317,520 for a family, and
$88,400 for a single person is recommended.
What does A.I. say about Santa Monica?
Santa Monica offers a unique option for more costly living placed somewhere near California's Los Angeles County featuring median home values averaging above $1 million and rent typically lands close by between $2 - 3 thousand depending upon desired amenities - significantly pricier compared to other beach towns like Redondo Beach or Manhattan Beach which are positioned much further southward. Groceries moreover remain mostly on par with United States levels thanks largely to local taxes & regulations while sales tax sums out constant at 9%.