Housing costs in Santa Monica?
A typical home costs
$1,117,400, which is 230.5% more expensive than the national average of
$338,100 and 52.3% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Santa Monica costs
$2,320 per month, which is 7.9% more than the national average of
$2,150 and close to the state average of
$2,300.
Can I afford Santa Monica?
To live comfortably in Santa Monica (zip 90404), California, a minimum annual income of
$214,200 for a family, and
$73,200 for a single person is recommended.
What does A.I. say about Santa Monica?
Living in 90404 Santa Monica, CA is quite expensive. According to BestPlaces, the cost of living index for the city is approximately 167.07, which is about 67% higher than the national average. The median home price in the area is around $1.7 million, making it one of the most expensive cities in California and one of the most expensive cities in the United States overall. Additionally, groceries and restaurant prices are also quite high due to the area’s popularity as a tourist destination. All this means that those looking for a more affordable place to live should look elsewhere, but those with deep pockets will find plenty of luxury living options in 90404 Santa Monica, CA.