Housing costs in East Palo Alto?
A typical home costs
$949,500, which is 180.8% more expensive than the national average of
$338,100 and 29.4% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in East Palo Alto costs
$2,830 per month, which is 97.9% more than the national average of
$1,430 and 24.0% more than the state average of
$2,150.
Can I afford East Palo Alto?
To live comfortably in East Palo Alto, California, a minimum annual income of
$181,800 for a family, and
$96,800 for a single person is recommended.
What does A.I. say about East Palo Alto?
The cost of living in East Palo Alto, CA is very affordable compared to many other parts of California. The median home value for the area is $463,000 which is quite low by state standards. Renters have it even better with average monthly costs around $2,175 making it not only a desirable place to live, but also an economical one. The monthly utility bills are also quite low when compared to other areas of the state; electric, water, and gas all tend to be reasonably priced. Eating out can also be a fairly inexpensive affair with plenty of restaurants offering meals at reasonable prices. All in all, East Palo Alto offers a great mix of affordability and quality of life that make it an attractive location for many Californians.