Housing costs in Santa Cruz?
A typical home costs
$1,270,800, which is 275.9% more expensive than the national average of
$338,100 and 73.3% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Santa Cruz costs
$3,680 per month, which is 157.3% more than the national average of
$1,430 and 41.6% more than the state average of
$2,150.
Can I afford Santa Cruz?
To live comfortably in Santa Cruz, California, a minimum annual income of
$243,360 for a family, and
$112,000 for a single person is recommended.
What does A.I. say about Santa Cruz?
The cost of living in Santa Cruz, CA is well above the US average. According to data, the median house value in Santa Cruz is more than three times that of the US average. Additionally, the Cost of Living Index (COLI) in Santa Cruz is a staggering 203.5 compared to the national average of 100. This indicates that living expenses such as housing, food, transportation, and other costs are significantly higher in this area than most other places in America. Therefore, those considering relocating or purchasing a home in Santa Cruz should be aware of this fact and take it into account when making financial decisions.