Housing costs in Morgan Hill?
A typical home costs
$1,203,000, which is 255.8% more expensive than the national average of
$338,100 and 64.0% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Morgan Hill costs
$2,530 per month, which is 17.7% more than the national average of
$2,150 and 15.4% cheaper than the state average of
$2,920.
Can I afford Morgan Hill?
To live comfortably in Morgan Hill (zip 95037), California, a minimum annual income of
$230,400 for a family, and
$86,400 for a single person is recommended.
What does A.I. say about Morgan Hill?
The cost of living in Morgan Hill, CA (95037) is 211.1, which is more than double the average US Cost of Living index of 100. This high cost of living reflects the higher than average house median value in this area, which stands at $1.203e+006, a significant amount more than the US average house value of $338,100. Clearly Morgan Hill is an expensive place to live, but it also offers many advantages that make it worth considering for purchase or lease.