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Mountains View, California's Cost of Living

By inboundREM Market Updates

Services for Real Estate Pros with InboundREM

December 29, 2021 09:30 PM

You should evaluate the cost of living in the area before deciding whether or not to relocate to Mountain View, California. This is an essential first step in establishing whether or not the relocation would be financially advantageous for you and your family. The amount of money you can probably spend in order to maintain a high standard of living in any particular city is referred to as the cost of living.

So, how can you determine whether one city is more costly than another? You can utilize a Cost of Living Index, which compiles the average ratings of several aspects that influence the Cost of Living in your location and presents them in a table form. For your convenience, we have summarized the Cost of Living Index from BestPlaces.net for you to review in the sections below.

Cost of Living Index

COST OF LIVING	USA	CALIFORNIA	MOUNTAIN VIEW	SUNNYVALE	SAN JOSE
Overall	100	149.9	315.4	300.1	214.5
Groceries	100	105.1	120.2	118.4	113.7
Healthcare	100	92.4	100.5	100.5	100.5
Housing	100	239.1	771.9	721.2	433.9
Utilities	100	102.4	88.6	84.5	96.8
Transportation	100	133.1	138.6	141.5	151
Miscellaneous	100	103.7	103.9	104.7	104.8

A straightforward illustration of the numerous aspects that influence the Cost of Living in a specific location is presented by the Cost of Living Index. Indexes are calculated using a point system, with 100 points reflecting the national average serving as the initial point. As a rule of thumb, more significant scores indicate greater costs, while lower scores indicate more affordable prices in most situations.

How Much Will It Cost To Live In Mountain View, CA

Planning to live in Mountain View, California, can be too pricey, especially compared to the national or state averages. However, given its easy reach to Silicon Valley, the region is quite comparable to other areas in the vicinity in terms of economic development.

Taxes
* When relocating to a new place, taxes are essential to consider, specifically if you are moving out of another state.
* The total sales tax rate in the city of Mountain View is 9.125%.
* This rate is comprised of a 6.0% state tax, a 0.25% county tax, and a 2.875% special tax.
* Santa Clara County has an average effective property tax rate of 0.68%.

Utilities
* Recology Mountain View is in charge of waste collection and disposal in the city.
* PG&E is responsible for both gas and electric services.
* When it comes to internet services, residents can choose between Xfinity and AT&T.
*Local government offices are in charge of other utility services, such as water and sewage.

Healthcare
* In terms of Cost of Living factors, healthcare expenditures are the only one in which Mountain View ranked lower compared to the national average.
* The availability of inexpensive healthcare in the city is due in part to several initiatives by the local government and the numerous medical institutions located throughout the Silicon Valley region.
* The El Camino Hospital and the Sutter Health Hospital are two of the city's medical facilities.
* Please see our Hospital Directory Page for a listing of healthcare facilities and contact information for each facility.

Transportation
* Mountain View, California, has a relatively short commute time compared to the national average. The average travel time from residence to the workplace for most locals is 23 minutes, which is faster than the US average of 26.4 minutes.
* Approximately 70.9% of locals ride their own cars to work, with only 7.3% taking public transportation. A gallon of fuel in the city costs $3.62.
* Caltrain, various bus stops, light rail stations, and ride-sharing services are among the transportation choices available to local people.
* An Electric Vehicle Action Plan is being developed in the city to assist in promoting the use of this more environmentally friendly mode of transportation.

Economy
* Despite the fact that they are not included in the Cost of Living Index, job potential and the economy should be considered whenever you consider relocating to a new place.
* Mountain View, California, has a 3.5% unemployment rate, which is significantly lower than the national average of 6.0%.
* The average yearly household revenue in the city is $67,042, while the annual median household income is $120,351, which is roughly twice the national average.
* The region's forecasted employment growth is 40.5%, with an average income of $100,028.

Housing
* The fundamental cause for the high cost of living in Mountain View and Silicon Valley, in general, is the hefty housing costs. Cities in the valley have seen massive growth in real estate value due to the development of the IT industry in the region, and there is no indication that this trend will subside any time soon.
* As of writing this article, the median home cost in Mountain View is $1,880,600. Compared to an average home in California, this is about three times the price. This sum is also 6.4 times greater than the average cost of a home in the United States.
* Sunnyvale has a median home cost of $1,894,600. In contrast, San Jose has a median property price equivalent to $1,249,900, giving more modest real estate possibilities to be discovered.
All housing types have equally high rental fees, ranging between 2.5 and three times the national average.

Because housing is the most significant disadvantage of living in Mountain View, California, you will want to connect with an experienced local realtor who can take you through the process of finding the most incredible deals in Silicon Valley. As a skilled realtor and local of the area, I have extensive knowledge of the best communities in which to live. I would be more than happy to be of assistance to you in selecting a property that meets both your wants and your financial constraints.

To discover more about the best neighborhoods in the region, please visit our highlighted neighborhood sections for Mountain View and Sunnyvale, which are also located on our website. Please do not hesitate to seek assistance if you have any questions about the real estate market. I'll be delighted to discuss what you may have about the area or anything else you are interested in.

To explore different views and for more information, visit the original neighborhood post:

https://mountainviewareahomes.com/mountain-view-cost-of-living/

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