Cost of Living
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10/19/2008
Los Gatos is a beautiful, small town with a great community. The cost of living, however, is extremely expensive. Food at the supermarket is more expensive than in neighboring cities. Gas is usually .05-.10 more per gallon than in neighboring cities. Real Estate taxes, although on the cost per 1,000 are not that high, due to the value of the homes, real estate taxes on a home valued at $1,200,000 are $17,000+/- per year. This alone makes it nearly impossible to retire here, even if a home was entirely debt free.
Catherine | Los Gatos, CA