Housing costs in Banning?
A typical home costs
$383,500, which is 13.4% more expensive than the national average of
$338,100 and 47.7% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Banning costs
$1,430 per month, which is 33.5% cheaper than the national average of
$2,150 and 22.4% cheaper than the state average of
$1,750.
Can I afford Banning?
To live comfortably in Banning (zip 92220), California, a minimum annual income of
$73,440 for a family, and
$45,600 for a single person is recommended.
What does A.I. say about Banning?
The cost of living in 92220 Banning, CA is quite affordable. The median list price for homes is around $279,000 which is much lower than the national average. Additionally, rent for a one bedroom apartment averages at about $950, making it a great option for budget-conscious individuals and families. Groceries and other essentials are also typically cheaper than average in the area as well. In short, living in 92220 Banning, CA offers great value and plenty of opportunities to save money.