Housing costs in Carmel-by-the-Sea?
A typical home costs
$1,916,200, which is 466.8% more expensive than the national average of
$338,100 and 161.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Carmel-by-the-Sea costs
$3,790 per month, which is 165.0% more than the national average of
$1,430 and 43.3% more than the state average of
$2,150.
Can I afford Carmel-by-the-Sea?
To live comfortably in Carmel-by-the-Sea, California, a minimum annual income of
$367,200 for a family, and
$124,400 for a single person is recommended.
What does A.I. say about Carmel-by-the-Sea?
Carmel-by-the-Sea, CA is known for its breathtaking views and luxury lifestyle, but it comes with a hefty price tag. The cost of living in this charming coastal town is significantly higher than the national average due to its status as an affluent community. Housing costs are particularly high, with the median home value coming in at well over two million dollars. Other expenses such as groceries, healthcare, utilities, and transportation can also be much more expensive than average. However, for those willing to pay the price, living in Carmel-by-the-Sea offers unparalleled beauty and opportunities for enjoying the outdoors.