Housing costs in August?
A typical home costs
$297,200, which is 12.1% less expensive than the national average of
$338,100 and 59.5% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in August costs
$1,320 per month, which is 7.7% cheaper than the national average of
$1,430 and 62.9% cheaper than the state average of
$2,150.
Can I afford August?
To live comfortably in August, California, a minimum annual income of
$56,880 for a family, and
$40,400 for a single person is recommended.
What does A.I. say about August?
The cost of living in August, CA is relatively high compared to other parts of the country. Housing costs are particularly expensive, with average rent and purchase prices for homes much higher than the national average. Groceries, healthcare, and transportation expenses are also elevated. Despite the high costs, however, August has a lot to offer its residents in terms of lifestyle options. The city boasts great schools and universities as well as plenty of restaurants and entertainment options. As a result, it's still possible for many to live comfortably in August despite the high costs of living.