Housing costs in Los Ranchos?
A typical home costs
$1,181,900, which is 249.6% more expensive than the national average of
$338,100 and 61.1% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Ranchos costs
$2,200 per month, which is 53.8% more than the national average of
$1,430 and 2.3% more than the state average of
$2,150.
Can I afford Los Ranchos?
To live comfortably in Los Ranchos, California, a minimum annual income of
$226,440 for a family, and
$66,800 for a single person is recommended.
What does A.I. say about Los Ranchos?
The cost of living in Los Ranchos, CA is relatively high. According to a 2018 report from the Bureau of Economic Analysis, Los Ranchos has an overall cost of living index that is 32 percent higher than the U.S. average. Housing costs are especially expensive, with homes costing significantly more than the national median home price. On top of that, taxes are quite high, with an income tax rate of 9.3 percent and a sales tax rate of 7.25 percent. Finally, utilities can be costly as well, with electricity rates typically being above average for the state due to the high cost of energy production in California. All in all, while Los Ranchos has many amenities that make it attractive to potential residents, those looking to live there should be prepared for some hefty costs associated with daily life.