california high cost of living

Why are California housing costs so high? Cost Burdened. The high cost of living in California isn’t just financial. California accounts for 12% of the U.S. population, but a quarter of its homeless population. In November 2019, data from Zillow show the average rent in California to be US$2,800. California’s cost of living is among the highest in the nation, largely because California’s housing costs are so high. Kelly Dessaint; Oct. 31, 2019 1:30 a.m. At its most basic level, it’s a story of supply and demand-- lots of people want to live here, and there aren’t enough homes to go around.. Coupled with the increasing cost of living in big cities, California, once a magnet for new arrivals, has now reversed polarity. Living off-campus isn’t going to be cheaper in a state where rent costs 64.7 percent more than the national average. With an average apartment size of 1,388 sqft, the average price per square foot in California … Taxes are only part of the reason for the exodus. The poverty rate, when adjusted for the cost of living, is the worst in the nation. According to a 2018 United Way Cost of Living report, Latino and African-American households struggle at the highest rates in California; the cost of housing is … But there are lots of uniquely California factors-- from the shape of our coastline to Proposition 13 -- that have attached a painfully expensive price tag to the California dream. The image of laidback Californians is spurious at best. As a result, businesses in California’s coastal metros may find it challenging (and expensive) to recruit or retain qualified employees.

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