Housing costs in Malibu?
A typical home costs
$3,373,800, which is 897.9% more expensive than the national average of
$338,100 and 360.0% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Malibu costs
$3,350 per month, which is 55.8% more than the national average of
$2,150 and 31.3% more than the state average of
$2,300.
Can I afford Malibu?
To live comfortably in Malibu (zip 90265), California, a minimum annual income of
$646,560 for a family, and
$105,600 for a single person is recommended.
What does A.I. say about Malibu?
Living in 90265 Malibu, CA is not a cheap endeavor. The cost of living is significantly higher than the US average, with housing costs nearly double the national average. The median home price in 90265 Malibu, CA is around $1.7 million and most rentals require expensive deposits and long-term leases. Additionally, groceries, utilities, transportation and other necessities can be costly due to the increased demand for resources in Malibu’s high-end neighborhoods. However, due to the area's high wages, beautiful homes, and stunning beaches many find that it is worth it to live in such an affluent area.