Cost of living California
Posted: Sunday, August 05, 2007
by Joe Black
Mayinc
To determine cost of living you have to take into account two important factors no matter what state you live in: Median housing prices and Median wages. A good balance between these two factors make a very affordable cost of living.
California, not one of the most affordable places to live ranks in the top ten most expensive housing markets.The average single family home goes for $835,000. This naturally makes Californian's mostly renters or Oregonians. Research I have done indicates that median housing income (the hourly wage a person must earn working 40 hours a week, 52 weeks a year to be able to afford housing) is around $23.00 per hour while the average income is around $14.00 per hour. It's pretty clear that homemakers are rare in California and roommates are required if you are single. Apartment rent ranges anywhere from $1100 to $3250 per month. Anaheim is the least expensive at a little over $1200 per month, while Santa Monica is the most expensive at $3200.00 per month.
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