Housing costs in Los Altos?
A typical home costs
$3,666,200, which is 984.4% more expensive than the national average of
$338,100 and 399.8% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Los Altos costs
$4,130 per month, which is 92.1% more than the national average of
$2,150 and 29.3% more than the state average of
$2,920.
Can I afford Los Altos?
To live comfortably in Los Altos (zip 94024), California, a minimum annual income of
$702,360 for a family, and
$141,200 for a single person is recommended.
What does A.I. say about Los Altos?
The cost of living in 94024 Los Altos, CA is one of the highest in the state and nation. According to Best Places, the overall cost of living index in this zip code is 155.1, which is 55.1% higher than the US average. Housing prices are extremely high in this area, with a median home price of $2,375,000. Additionally, it has some of the highest utility costs and taxes in California. Groceries and transportation are also more expensive than other parts of the country due to the local cost of goods and services. Despite these high costs, many people still choose to live here because of its excellent schools, low crime rate, and close proximity to major tech companies like Google and Apple.