Housing costs in Rancho Palos Verdes?
A typical home costs
$1,666,700, which is 393.0% more expensive than the national average of
$338,100 and 127.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Rancho Palos Verdes 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 Rancho Palos Verdes?
To live comfortably in Rancho Palos Verdes (zip 90275), California, a minimum annual income of
$319,320 for a family, and
$105,600 for a single person is recommended.
What does A.I. say about Rancho Palos Verdes?
The cost of living in 90275 Rancho Palos Verdes, CA is quite high. According to BestPlaces, an online database for cost of living comparisons, the overall cost of living index in this area is 213.58, which is significantly higher than the national average. The average monthly rent for a one-bedroom apartment in this area is approximately $2,100 and the cost of groceries and other essentials are also significantly higher than the national average. Despite the higher costs associated with living here, there are many benefits associated with residing in such a desirable area including stunning beaches, nearby parks and outdoor activities, and access to a variety of cultural activities and events.