Housing costs in Modesto?
A typical home costs
$434,600, which is 28.5% more expensive than the national average of
$338,100 and 40.7% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Modesto costs
$1,370 per month, which is 4.2% cheaper than the national average of
$1,430 and 56.9% cheaper than the state average of
$2,150.
Can I afford Modesto?
To live comfortably in Modesto Califor Metro Area, California, a minimum annual income of
$83,160 for a family, and
$42,800 for a single person is recommended.
What does A.I. say about Modesto?
The cost of living in the Modesto, CA Metro Area is 15.9% higher than the US average, despite the median value of a house being much lower at $434,600 compared to the national average of $338,100. This means that while housing prices may be more affordable in Modesto compared to other parts of the country, everyday expenses such as food and utilities are still higher than other areas. Additionally, property taxes may be higher based on the assessed value of homes in this area. Ultimately, residents must keep these factors in mind when determining if the cost of living in Modesto is right for them.