Housing costs in Chico?
A typical home costs
$381,600, which is 12.9% more expensive than the national average of
$338,100 and 48.0% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Chico costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and 73.4% cheaper than the state average of
$2,150.
Can I afford Chico?
To live comfortably in Chico Califor Metro Area, California, a minimum annual income of
$73,080 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Chico?
The cost of living in the Chico, CA Metro Area is 10.8% higher than the US average. This higher cost of living is reflected in the median house value being $381,600, which is 13.7% higher than the US average house value of $338,100. The difference in cost of living can be attributed to factors such as access to amenities and public services, local taxes, and other factors specific to that area. Although it may seem high compared to other areas in the United States, the cost of living is still relatively low when compared to other cities and states on a global scale.