Housing costs in Pacific Grove?
A typical home costs
$1,287,000, which is 280.7% more expensive than the national average of
$338,100 and 75.5% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Pacific Grove costs
$3,610 per month, which is 67.9% more than the national average of
$2,150 and 25.8% more than the state average of
$2,680.
Can I afford Pacific Grove?
To live comfortably in Pacific Grove (zip 93950), California, a minimum annual income of
$246,600 for a family, and
$118,400 for a single person is recommended.
What does A.I. say about Pacific Grove?
The cost of living in 93950 Pacific Grove, CA is relatively high compared to other parts of the United States. According to Best Places, the median home cost in Pacific Grove is approximately $795,800, which is much higher than the national average of $231,200. The median household income in Pacific Grove is also quite high at an estimated $107,842 per year. This means that households typically have a higher disposable income available, allowing for more recreational activities and luxuries such as travel. Additionally, the overall tax rate for 93950 Pacific Grove, CA is 8.25%, which slightly exceeds the national average of 7.65%. Despite this high cost of living, the area boasts beautiful scenery and access to some of California’s most popular attractions like Monterey Bay Aquarium and Pebble Beach Golf Links, making it a desirable place to live.