Housing costs in Santa Monica?
A typical home costs
$4,178,600, which is 1,135.9% more expensive than the national average of
$338,100 and 469.7% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Santa Monica costs
$2,870 per month, which is 33.5% more than the national average of
$2,150 and 19.9% more than the state average of
$2,300.
Can I afford Santa Monica?
To live comfortably in Santa Monica (zip 90402), California, a minimum annual income of
$800,640 for a family, and
$90,400 for a single person is recommended.
What does A.I. say about Santa Monica?
The cost of living in 90402 Santa Monica, CA is quite expensive due to the high demand for housing in the area. The median home value is $1,973,900 which is much higher than the national median value of $184,700. Renters can expect to pay an average of $3,687 per month for a one-bedroom apartment which is substantially higher compared to the national average rent at $940 per month. Groceries and utilities are also slightly higher than other parts of the country but are still reasonable. All in all, living in 90402 Santa Monica is more expensive than many other places but offers great amenities and access to some of California’s finest attractions.