Housing costs in Morgan Hill?
A typical home costs
$1,194,000, which is 253.1% more expensive than the national average of
$338,100 and 62.8% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Morgan Hill costs
$2,540 per month, which is 77.6% more than the national average of
$1,430 and 15.4% more than the state average of
$2,150.
Can I afford Morgan Hill?
To live comfortably in Morgan Hill, California, a minimum annual income of
$228,600 for a family, and
$86,800 for a single person is recommended.
What does A.I. say about Morgan Hill?
The cost of living in Morgan Hill, CA is quite high compared to many other areas in the United States. The median home value in Morgan Hill is over $1 million, which is significantly higher than the national average. Additionally, groceries and other basic necessities tend to be more expensive than average as well. Nonetheless, because of its proximity to popular cities like San Jose and Silicon Valley, many people are willing to pay a premium for the convenience of living close to work and other amenities.