Housing costs in Lower Lake?
A typical home costs
$413,800, which is 22.4% more expensive than the national average of
$338,100 and 43.6% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Lower Lake costs
$1,130 per month, which is 47.4% cheaper than the national average of
$2,150 and close to the state average of
$1,120.
Can I afford Lower Lake?
To live comfortably in Lower Lake (zip 95457), California, a minimum annual income of
$79,200 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Lower Lake?
The cost of living in 95457 Lower Lake, CA is relatively affordable compared to other areas in the state. According to BestPlaces, the cost of living index in Lower Lake is 83, which is 17 points lower than the California average and 26 points lower than the national average. This means that basic necessities such as food, clothing, housing, transportation and healthcare are relatively inexpensive compared to other parts of California. The median home price in Lower Lake is $283,500 and the median rent is $1,288, both of which are much lower than some other areas of California. Additionally, the area has sales tax rate of 8% with no additional local taxes imposed. All these factors make Lower Lake an attractive option for those looking for an affordable place to live in California.