Cost of Living

Cost of living is the day to day expenses a family has to spend to maintain a good quality of life in a particular location. It is a useful tool in determining if moving into an area is financially suitable for you. Our guide provides a brief comparison and overview of the various factors affecting the cost of living of families in Laguna Coast.

Check out our original blog post at https://www.lagunacoastrealestate.com/.

Cost of Living Index

The table below showcases the differences in cost of living between the various locations in Laguna Beach with the state and national average. The standard 100-point represents the typical cost of living in a specific category in the country. Scores can go higher or lower depending on how the area compares to an average American household.

INDEX LAGUNA BEACH NEWPORT BEACH LAGUNA NIGUEL DANA POINT CALIFORNIA UNITED STATES OVERALL 256 278 177 184 138 100 Goods and Services 108 108 108 108 110 100 Groceries 114 114 114 114 115 100 Healthcare 105 105 105 105 109 100 Housing 591 666 330 353 196 100 Transportation 132 132 132 132 125 100 Utilities 103 103 103 103 114 100

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Daily Expenses in Sacramento

Real Estate Market

Real Estate market prices in Laguna Coast and California in general, is very high. Families who plan to purchase a home in the area should expect to shell out a lot, especially for areas that are in high demand. We've prepared an infographic below showcasing the different average home, mortgage, and rental prices in Laguna Coast. If you are in the market for a new home, please feel free to Contact Us for a no-commitment inquiry. We would be happy to show you the top listings that you can consider for your family.

Check out our original blog post at https://www.lagunacoastrealestate.com/.

Basic Goods and Services

Although real estate prices can be high in Laguna Coast, the average cost of essential goods and services are similar to other parts of the country. Haircut, salon prices, recreational activities, and other leisure activities are priced well in comparison to the state and national average.

Utility Bills

The average utility bill in Laguna Coast is $190.81, which is 15% higher than the national average of $165.96. Phone bills are a bit lower at $25.97 compared to the standard of $28.68

Transportation

The average price of gasoline in the cities in Laguna Coast is $3.03 per gallon, which is higher than the national average of $2.24. Other car maintenance and repair costs also tend to be higher than usual prices in the country.

Taxes

California has a high tax rate and should be considered especially by families moving from another state. The California Sales Tax Rate is 7.25% with a maximum state surtax of 10.25%. Income tax rates in the region range from 1% to 13.3% depending on your income bracket.

Check out our original blog post at https://www.lagunacoastrealestate.com/.

If you would like to receive a FREE Competitive Market Analysis, contact me today.

Let Me Help You Find Your Laguna Coast, California Home! If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at (949) 494-0490. ************************************************************************************

POSTED BY

Cynthia Ayers

Phone: (949) 494-0490

Laguna Coast Real Estate

301 Forest Avenue, Laguna Beach, CA 92651