Housing costs in Moreno Valley?
A typical home costs
$471,000, which is 39.3% more expensive than the national average of
$338,100 and 35.8% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Moreno Valley costs
$1,880 per month, which is 12.6% cheaper than the national average of
$2,150 and 6.9% more than the state average of
$1,750.
Can I afford Moreno Valley?
To live comfortably in Moreno Valley (zip 92553), California, a minimum annual income of
$90,360 for a family, and
$60,000 for a single person is recommended.
What does A.I. say about Moreno Valley?
The cost of living in Moreno Valley, CA is slightly higher than the US average. The cost of housing is on the rise due to its proximity to Los Angeles and other major cities. Most people who live in Moreno Valley commute to work in a nearby city, so transportation costs can be quite high. The median home price in this area is around $320,000, well above the national median of $213,000. Utilities are also more expensive than average, with an average electric bill of about $125 per month compared to the US average of $111 per month. Groceries and basic goods tend to be more expensive as well. Overall, the cost of living in Moreno Valley is higher than other parts of California and most people need at least two incomes to live comfortably here.