Cost of Living

Factors Affecting the Cost of Living

1. Real Estate

Homes in San Gabriel Valley are the primary factors that make the region a quite expensive city. The median home price in the city is $766,100. There has been an increase of 33.7% over this amount since the past 10 years with an average of 5.2% annually.

Check out our original blog post at https://cristalcellar.com/ for more information.

2. Economy

There has been a steady increase in jobs in San Gabriel Valley. There is a predicted increase of 35.7% for the number of jobs in the region. This is higher than the national average of 33.5% over the same period. It is expected that as the number of jobs grows, the demand for real estate also increases, making real property an excellent investment for home buyers looking at the properties in the city.

3. Tax Rate

San Gabriel Valley has a sales tax rate of 9.55% which is higher than the national average of 7.3%. The city's income tax rate is also quite high at an average of 9.3% compared to the national average of 4.6%.

4. Average Household Income

A typical resident in San Gabriel Valley has an average income of $25,047 annually. The national average is at $28,555 over the same period. The median household income, on the other hand is at $56,238 a year while the national average is $53,482.

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5. Healthcare

San Gabriel Valley has 211 physicians for every 100,000 residents. The air quality is rated at 42 out of 100 which is lower than the national average of 58. Water quality in San Gabriel is 52, lower than the national average which is 55.

6. Goods and Services

Similar to other costs in San Gabriel Valley, the cost of goods and services is also higher compared to other parts of the country. Grocery expenses can vary depending on the products since there are items cheaper or more expensive compared to other cities in the country.

Moving to San Gabriel Valley

Overall, San Gabriel Valley, compared to other cities in California is ranked above average. Various city ratings are crime (B+), amenities (A+), weather (A+), cost of living (F), and education (D).

Check out our original blog post at https://cristalcellar.com/ for more information.

If you would like to receive a FREE Competitive Market Analysis, contact me today. Let Me Help You Find Your San Gabriel Valley 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 (626) 915-4164. ************************************************************************************

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