Housing costs in Carmel?
A typical home costs
$2,039,200, which is 503.1% more expensive than the national average of
$338,100 and 178.0% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Carmel costs
$3,420 per month, which is 59.1% more than the national average of
$2,150 and 21.6% more than the state average of
$2,680.
Can I afford Carmel?
To live comfortably in Carmel (zip 93923), California, a minimum annual income of
$390,600 for a family, and
$112,000 for a single person is recommended.
What does A.I. say about Carmel?
Carmel, CA is a desirable area to live due to its high quality of life and coastal beauty. Despite its idyllic setting, the cost of living in 93923 Carmel, CA can be quite expensive. The median home value for the zip code is $1,349,800, over three times higher than the national average. Additionally, groceries and health care in Carmel are more expensive than the national and California averages. Utility costs, such as electricity and gas, are also above state and national averages. Although these costs can make living in 93923 Carmel slightly prohibitive for some people, many individuals still find it to be worth the expense due to all that this city has to offer.