Housing costs in Canyon?
A typical home costs
$850,700, which is 151.6% more expensive than the national average of
$338,100 and 16.0% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Canyon costs
$2,720 per month, which is 90.2% more than the national average of
$1,430 and 21.0% more than the state average of
$2,150.
Can I afford Canyon?
To live comfortably in Canyon (zip 94516), California, a minimum annual income of
$163,080 for a family, and
$89,200 for a single person is recommended.
What does A.I. say about Canyon?
The cost of living in 94516 Canyon, CA is higher than the national average. Due to its proximity to the San Francisco Bay Area, housing prices are high with median home values estimated at around $1.2 million. The cost of groceries is also high, and residents must budget carefully to make sure they can afford all their necessary expenses. Additionally, transportation costs can be expensive due to the lack of public transit options in this area. Despite these rising costs, citizens of 94516 Canyon benefit from close access to many recreational activities and employment opportunities in nearby cities as well as a stunning view of nature's beauty surrounding the area.