Housing costs in Palermo?
A typical home costs
$237,500, which is 29.8% less expensive than the national average of
$338,100 and 67.6% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Palermo costs
$1,120 per month, which is 21.7% cheaper than the national average of
$1,430 and 92.0% cheaper than the state average of
$2,150.
Can I afford Palermo?
To live comfortably in Palermo, California, a minimum annual income of
$45,360 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Palermo?
The cost of living in Palermo, CA is quite reasonable. Housing costs are slightly above the national average, with a median home price of $170,000 compared to the national median of $213,000. However, utility rates and taxes are very low. Basic groceries and other everyday items can be found for reasonable prices in local stores or from online retailers. On top of that, transportation costs are relatively cheap since public transportation is readily available and major highways easily accessible. All this makes Palermo an ideal place to live for those looking for an affordable lifestyle.