Housing costs in Malibu?
A typical home costs
$930,600, which is 175.2% more expensive than the national average of
$338,100 and 26.9% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Malibu costs
$2,890 per month, which is 34.4% more than the national average of
$2,150 and 20.4% more than the state average of
$2,300.
Can I afford Malibu?
To live comfortably in Malibu (zip 90263), California, a minimum annual income of
$178,200 for a family, and
$90,800 for a single person is recommended.
What does A.I. say about Malibu?
The cost of living in 90263 Malibu, CA is very high compared to other cities in California and the United States. The median household income is $170,873, which is more than double the nationwide average. Housing costs are especially expensive; with a median home price of $1,759,800, Malibu offers some of the most expensive real estate in the country. In addition to housing expenses, utilities and groceries also tend to be quite pricey. Despite its high cost of living, Malibu's desirable location on the coast and its beautiful year-round weather make it an attractive place to live for those who can afford it.