What are the Average Costs of Housing in CA?
April 8th, 2011Beautiful, sunny California is an excellent place in which to live. Unfortunately, however, all that fresh air and sunshine doesn’t come cheap. California’s average apartment rent is quite a bit higher than the national average, but many current residents and California natives feel the extra fees are well worth it for the higher quality of life living in California provides. After all, where else can you swim on the beach all year long and enjoy the hottest nightlife around? Plus, there are ways to save money on rent if you’re willing to put in the effort.
Since many factors, such as apartment size and location, determine the cost of rent, the best way to figure out the average rent for the state is by looking at the percentage of household income the average rent costs. According to a recent study, the majority of people who live and rent an apartment in the state of California pay approximately 32% of their annual household income in rent. Of course, in some areas, residents will most likely pay more or less than the average rental amount. Particularly expensive areas in which to live include Orange County (average monthly rent of $2,256); San Francisco (average monthly rent of $2,350); and Santa Cruz (average monthly rent of $2,383). These figures represent a three bedroom house or apartment, so they can be adjusted accordingly depending on your living needs. Studio apartments, however, can still carry a hefty price tag, with studios going for $943 monthly in Los Angeles and other popular areas.
If you really want to save money, then your best bet is to move to a more suburban city. The good news is that many of these are close to the larger cities, allowing you to still enjoy all the city has to offer without the ridiculous price. Very affordable areas include Visalia-Porterville (average rent of $960); Bakersfield (average rent of $1,150); Yuba City (average rent of $1.110); Glenn County (average rent of $970); and Siskiyou (average rent of $1,127). Smaller or studio apartments in these areas tend to go for around $586 per month.
If these price tags are still looking too high for you but you have your heart set on California, don’t worry! You still have lots of options. One way to cut down on rental costs in a huge way is to consider living with one or more roommates. When the rent is split between two or more people, everything suddenly becomes much more affordable. Plus, you’ll likely be splitting utilities and groceries as well, allowing your living costs to go way, way down.
You might also consider renting a room in a house instead of opting for your very own apartment. Many of these rooms are very nice and will offer you full access to the kitchen and the living areas. Room rental costs can be as low as $300 per month and are ideal for the single person. Whatever your individual needs when it comes to housing, you can find an affordable place to live if you’re willing to keep searching.
