Housing costs in Summerland?
A typical home costs
$2,440,100, which is 621.7% more expensive than the national average of
$338,100 and 232.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Summerland costs
$3,810 per month, which is 166.4% more than the national average of
$1,430 and 43.6% more than the state average of
$2,150.
Can I afford Summerland?
To live comfortably in Summerland, California, a minimum annual income of
$467,640 for a family, and
$134,400 for a single person is recommended.
What does A.I. say about Summerland?
The cost of living in Summerland, CA is relatively affordable compared to other areas in California. The median home price is approximately $1.2 million, which is lower than the statewide average of $1.3 million. Rent prices are also lower than the state's median, averaging around $2,500 for a one-bedroom apartment and $3,200 for a two-bedroom apartment. Groceries and transportation costs are comparable to the statewide average as well. All in all, Summerland offers an excellent quality of life at an affordable price.