Housing costs in Loma Mar?
A typical home costs
$2,286,100, which is 576.2% more expensive than the national average of
$338,100 and 211.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Loma Mar costs
$2,970 per month, which is 107.7% more than the national average of
$1,430 and 27.6% more than the state average of
$2,150.
Can I afford Loma Mar?
To live comfortably in Loma Mar, California, a minimum annual income of
$438,120 for a family, and
$99,600 for a single person is recommended.
What does A.I. say about Loma Mar?
Living in Loma Mar, CA can be a bit on the pricey side. The median home value in Loma Mar is estimated to be around $1.2 million dollars, making it one of the most expensive cities in California. Rent prices for apartments are comparable with those found in nearby San Francisco, ranging from over $2,000 a month for a one-bedroom apartment to nearly $3,500 for a three-bedroom apartment. Utilities such as electricity and water are also more expensive than the state average due to higher taxes and fees imposed by community services districts throughout the area. Grocery prices tend to be slightly lower than other areas of California due to competition among supermarkets and local farmers markets. Overall, residents in Loma Mar should expect to pay high costs of living when compared with other regions throughout the state.