Housing costs in Montecito?
A typical home costs
$4,076,000, which is 1,105.6% more expensive than the national average of
$338,100 and 455.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Montecito costs
$3,960 per month, which is 176.9% more than the national average of
$1,430 and 45.7% more than the state average of
$2,150.
Can I afford Montecito?
To live comfortably in Montecito, California, a minimum annual income of
$780,840 for a family, and
$139,600 for a single person is recommended.
What does A.I. say about Montecito?
The cost of living in Montecito, California is significantly higher than the national average. According to BestPlaces, the cost of living index is 25% higher than the US average, with groceries being 13.4% more expensive, housing costs being 91.6% more expensive, and utilities being 19.2% more expensive. This makes Montecito one of the most expensive places to live in California and is largely due to its status as an affluent beach community. Despite this, many people still choose to call Montecito home due to its beautiful scenery and close proximity to Santa Barbara.