Housing costs in Carmichael?
A typical home costs
$517,700, which is 53.1% more expensive than the national average of
$338,100 and 29.4% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Carmichael costs
$1,690 per month, which is 18.2% more than the national average of
$1,430 and 27.2% cheaper than the state average of
$2,150.
Can I afford Carmichael?
To live comfortably in Carmichael, California, a minimum annual income of
$99,360 for a family, and
$53,600 for a single person is recommended.
What does A.I. say about Carmichael?
Carmichael, California has a cost of living index rating slightly higher than that if the nation at 103 due largely to housing expenses making up 44%, transportation at 12%, groceries (10%), utilities (7%) and healthcare making up 8%. Although utility costs remain relatively high due largely to expensive power sources such as coal or nuclear energy most other categories are either on par or even below average providing citizens with an overall moderate cost of living compared with almost anywhere else in America.