Housing costs in San Luis Obispo?
A typical home costs
$896,700, which is 165.2% more expensive than the national average of
$338,100 and 22.2% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in San Luis Obispo costs
$2,460 per month, which is 14.4% more than the national average of
$2,150 and 16.3% more than the state average of
$2,060.
Can I afford San Luis Obispo?
To live comfortably in San Luis Obispo (zip 93405), California, a minimum annual income of
$171,720 for a family, and
$74,800 for a single person is recommended.
What does A.I. say about San Luis Obispo?
The cost of living in 93405 San Luis Obispo, CA is quite high. The median home price in this area is over $700,000 which is significantly higher than the national average. However, the wages and salaries here are also higher than most other parts of the country making it a relatively affordable place to live. Additionally, the sales tax rate in San Luis Obispo County is 7.25% which is lower than many other places in California while utilities tend to be rather low compared to some of its neighboring cities. All in all, San Luis Obispo can be considered an expensive place to live but one that offers plenty of opportunities for those willing to put in the effort.