Housing costs in San Diego?
A typical home costs
$569,700, which is 68.5% more expensive than the national average of
$338,100 and 22.3% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in San Diego costs
$3,500 per month, which is 62.8% more than the national average of
$2,150 and 31.4% more than the state average of
$2,400.
Can I afford San Diego?
To live comfortably in San Diego (zip 92108), California, a minimum annual income of
$109,080 for a family, and
$110,000 for a single person is recommended.
What does A.I. say about San Diego?
The cost of living in 92108 San Diego, CA is relatively high compared to other cities throughout the United States. According to a report from The Economist Intelligence Unit, the cost of living index for this area is 130.2, making it 30.2% higher than the national average. Housing costs are particularly expensive, with median home prices hovering around $625,000 and monthly rent averages for a one-bedroom apartment ranging between $1,800 and $2,400 depending on location and amenities. Groceries are also pricier here than in other parts of the country due to higher taxes and transportation costs associated with importing goods from Mexico and other foreign countries. Despite the relatively high cost of living in San Diego, residents enjoy access to excellent public transportation options, world-class beaches, and a thriving economy that makes it an attractive option for many people looking for a new place to call home.