Housing costs in Santa Monica?
A typical home costs
$1,355,900, which is 301.0% more expensive than the national average of
$338,100 and 84.9% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Santa Monica costs
$3,150 per month, which is 46.5% more than the national average of
$2,150 and 27.0% more than the state average of
$2,300.
Can I afford Santa Monica?
To live comfortably in Santa Monica (zip 90401), California, a minimum annual income of
$259,920 for a family, and
$98,800 for a single person is recommended.
What does A.I. say about Santa Monica?
The cost of living in 90401 Santa Monica, CA is extremely high. Renting an apartment typically starts at $2,400/month and the median home value is an astonishing $1,933,400. Groceries are also expensive, with a basket of goods costing around 25% more than the U.S. average. Utilities like electricity and water can add another $100 or more to your monthly expenses. However, with the great culture, weather and endless entertainment options available in Santa Monica it's easy to see why many people are willing to pay a premium to live there.