Housing costs in Santa Monica?
A typical home costs
$1,491,900, which is 341.3% more expensive than the national average of
$338,100 and 103.4% more expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Santa Monica costs
$3,350 per month, which is 55.8% more than the national average of
$2,150 and 31.3% more than the state average of
$2,300.
Can I afford Santa Monica?
To live comfortably in Santa Monica (zip 90403), California, a minimum annual income of
$285,840 for a family, and
$105,600 for a single person is recommended.
What does A.I. say about Santa Monica?
The cost of living in 90403 Santa Monica, CA is incredibly high. The median home value in Santa Monica is estimated to be around $1.5 million, with the median rent being approximately $3,200 per month. Prices for goods and services are also significantly higher than the national average. Groceries tend to cost more in Santa Monica due to the strong demand and limited supply. Utilities such as electricity and gas are also higher than the average city due to the sunny climate of Southern California. Despite these high costs, many people still choose to live in this desirable beach city because of its amazing amenities, great schools, excellent job opportunities, and stunningly beautiful beaches and parks.