Laguna Beach, California - Cost of Living

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Services for Real Estate Pros with InboundREM

Cost of Living

Cost of living is the total amount of money a family has to spend to maintain a good quality of life in a particular location. The amount varies depending on the many factors that affect the cost of living. These include healthcare, taxes, transportation, food and groceries, goods and services, housing, and utility bills. Our post provides a useful comparison of how the cost of living in Laguna Beach compares to the state and national average as well as other cities in the region.

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

 

INDEX LAGUNA BEACH CALIFORNIA UNITED STATES
OVERALL 256 138 100
Goods and Services 108 110 100
Groceries 114 115 100
Healthcare 105 109 100
Housing 591 196 100
Transportation 132 125 100
Utilities 103 114 100

The table above is an index of the difference between Laguna Beach, the state, and the country. The table uses the national average as a standard rated at 100 points. Factors are scored based on whether they are higher or lower than the national standard.

 

Food and Groceries

Grocery prices in Laguna Beach are 8% to 18% higher compared to the national average. These include staple food items and other meals that people buy. Fast food and restaurant meals are also a bit higher on some things while similar on the rest.

Lady Buying Groceries in Laguna Beach

 

Utility Bills

The average utility bill in Laguna Beach is $190.81, which is 15% higher than the rest of the country. Monthly phone bills are about $25.97, which is 9.5% higher.

Cost of Living in Laguna Beach, CA

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

 

Transportation

The average price of a gallon of gas in Laguna Beach is $3.03 which is 34.9% higher than the typical cost in the country. Other car maintenance and parts costs are similar to the rest of the country.

 

Taxes

The standard sales tax rate in California is 7.25% with a maximum surtax of 10.25%. Income tax rates in the state range from 1% to 13.3% based on your tax bracket.

 

Real Estate

Housing costs, just like other cities in California, is quite high in Laguna Beach. The median home price in the city is $1,390,500, with an average mortgage of $3,375.06 and rent of $2,028. If you are moving from out of state, you'll want to consider the expensive real estate market before making a decision.

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.

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POSTED BY
Cynthia Ayers
Phone: (949) 494-0490
Laguna Coast Real Estate
301 Forest Avenue, Laguna Beach, CA 92651
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