Housing costs in Banning?
A typical home costs
$391,600, which is 15.8% more expensive than the national average of
$338,100 and 46.6% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Banning costs
$1,450 per month, which is 1.4% more than the national average of
$1,430 and 48.3% cheaper than the state average of
$2,150.
Can I afford Banning?
To live comfortably in Banning, California, a minimum annual income of
$74,880 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Banning?
The cost of living in Banning, CA is relatively low for California standards. Groceries, housing, and transportation are all significantly lower than average. For example, the median home value in Banning is around $210,000, which is about $60k less than the average for California. Similarly, groceries are cost less than 10 percent above the national average while transportation costs about 4 percent below the national average. This makes Banning an attractive option for those looking to live in a sunny Southern California town without breaking their budget.