Housing costs in Folsom?
A typical home costs
$723,000, which is 113.8% more expensive than the national average of
$338,100 and 1.4% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Folsom costs
$2,230 per month, which is 55.9% more than the national average of
$1,430 and 3.6% more than the state average of
$2,150.
Can I afford Folsom?
To live comfortably in Folsom, California, a minimum annual income of
$138,600 for a family, and
$71,200 for a single person is recommended.
What does A.I. say about Folsom?
Folsom is a city located northeast of Sacramento with a cost of living that compares favorable to many other cities in California's Central Valley region. The median home value for Folsom stands at $490K while the median rent can range from $1K - $2K per month depending on where you are located within the city limits. All necessary expenses such as utilities or grocery shopping will run about 10-15% higher than average compared to similar cities located near San Francisco or Los Angeles but overall this remains an affordable yet wonderful place to call your home base due to its leisurely parks surrounding lakeside views and close proximity to outdoor recreational areas like Folsom Lake State Park just minutes away from town center.