Housing costs in El Verano?
A typical home costs
$732,700, which is 116.7% more expensive than the national average of
$338,100 and 0.1% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in El Verano costs
$2,190 per month, which is 53.1% more than the national average of
$1,430 and close to the state average of
$2,150.
Can I afford El Verano?
To live comfortably in El Verano, California, a minimum annual income of
$140,400 for a family, and
$66,400 for a single person is recommended.
What does A.I. say about El Verano?
El Verano, CA is an affordable place to live with a cost of living index that is 14% lower than the national average. Housing in El Verano can be much more affordable than in some larger cities nearby, with median home prices about 33 percent lower than the rest of the Bay Area. Food and utilities are generally also cheaper than elsewhere, making it an attractive option for those looking for a more budget-friendly lifestyle. The cost of transportation is also kept relatively low due to its fairly central location in the Bay Area, meaning residents don't have to spend as much on gas or other forms of transport. All in all, El Verano has a relatively low cost of living which can be beneficial to many people looking for an affordable place to live.