Housing costs in Nevada City?
A typical home costs
$514,600, which is 52.2% more expensive than the national average of
$338,100 and 29.8% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Nevada City costs
$1,670 per month, which is 16.8% more than the national average of
$1,430 and 28.7% cheaper than the state average of
$2,150.
Can I afford Nevada City?
To live comfortably in Nevada City, California, a minimum annual income of
$98,640 for a family, and
$50,800 for a single person is recommended.
What does A.I. say about Nevada City?
The cost of living in Nevada City, CA is slightly higher than the US national average. Housing prices in the area tend to be quite high due to the region’s natural beauty and close proximity to Lake Tahoe. Groceries, utilities, and other daily expenses are also slightly higher than average. However, taxes in the city are quite low and there is no state sales tax which helps offset some of the costs associated with living in Nevada City. All things considered, those who can afford it may find that Nevada City offers an excellent quality of life for a reasonable price.