Cost of Living in San Francisco Bay Area, CA

Cost of Living in San Francisco Bay Area, CA

The Bay Area is known for its beautiful natural landscapes, cultural diversity, progressive residents, and a vibrant food, music, and art scene. Residents enjoy great weather year-round, too. All this are what make San Francisco Bay Area an ideal place to live in, which is why so many people decide to relocate to this area despite the high cost of living.

If you are considering moving to the Bay Area, read on to know more about the cost of living in this location.

Cost of Living in San Francisco Bay Area

The cost of living in the Bay Area is 94 percent higher compared to the national average. Simply put, the cost of living is the amount of money needed to cover an individual’s basic expenses, such as housing, food, taxes, and healthcare in a particular location and time period. COL is often used to compare the affordability of living in one city versus another.

A cost of living index is particularly helpful when you need to assess the cost difference of a certain location compared to another. If you are considering moving to the San Francisco Bay Area, for instance, this information will help you determine if moving here would be beneficial for you and your family given your projected income.

House in the Bay Area CA

Housing Costs in the San Francisco Bay Area, CA

  • In the Bay Area, real estate prices vary depending on the neighborhood.
  • Average home price is $1,362,163.
  • Homes in the Bay Area often sell within 20 days at higher prices than the listing price.
  • The average monthly rent for a one-bedroom in the San Francisco Bay Area is $3,137.
  • The average monthly rent for a two-bedroom in the San Francisco Bay Area is $4,103.
Restaurant at the San Francisco Bay CA

Food Costs in the San Francisco Bay Area, CA

  • San Francisco is a haven for foodies, with over 60 Michelin-starred restaurants listed on SFTravel.
  • For those who prefer to cook at home, grocery costs are 30.5% higher compared to the national average.
  • The average cost of a dozen eggs is $3.16.
  • The average cost of a half-gallon of milk is $2.83.
  • The average cost of loaf of bread is $4.68.

Utility Costs in the San Francisco Bay Area, CA

  • Utility rates in the San Francisco Bay Area is 37.9% higher compared to the national average.
  • The average total monthly energy cost in the Bay Area is $268.

Transportation Costs in the San Francisco Bay Area, CA

  • There are numerous ways to get around in the Bay Area: cable cars, bus and rail systems, and ride-share services.
  • The transportation costs in the San Francisco Bay Area are 48.3% higher compared to the national average.
  • Cable cars are offered through Muni, at $8 per ride.
  • Muni also runs buses and light rails throughout San Francisco.
  • The Bay Area Rapid Transport (BART) is a train that runs from SFO to Oakland, Fremont, and other East Bay cities.
  • The cost of riding BART ranges between $2.10 and $15, depending on the route.
Medical Practitioner and Patient

Healthcare Costs in the San Francisco Bay Area, CA

  • Healthcare costs in the Bay Area is 24.7% higher compared to the national average.
  • San Francisco is one of the most expensive cities to receive healthcare.
  • The advantage of living in San Francisco is you have access to some of the nation’s top doctors and treatment facilities.
  • On average, a routine visit with a general practitioner costs $150.
  • An eye exam with an optometrist costs $145 on average.
  • A check up with a dentist costs $133 on average.
  • These estimates are without medical insurance, and the actual costs would depend on your plan.

Goods and Services Costs in the San Francisco Bay Area, CA

  • The cost of goods and services in the Bay Area is 25.9% higher compared to the national average.
  • A visit to the vet costs about $68 on average.
  • A yoga class is around $20 per class.
  • A ticket to the movies costs $16.41 on average.
  • A haircut at the beauty salon costs around $82 on average.

Taxes in California

  • California is known to have some of the highest taxes in the nation.
  • The base sales tax rate in the Golden State is at 7.25%.
  • California has a progressive income tax, with rates ranging between 1% and 13.3%
  • Average effective property tax rate across the state is 0.73%.

Property Taxes in San Francisco Bay Counties

  • The average effective property tax rate in Alameda County is 0.78%, with a median annual property tax payment of $5,539 based on the median home value of $707,800.
  • The average effective property tax rate in Contra Costa County is 0.85%, with a median annual property tax payment of $4,941 based on the median home value of $582,400.
  • The average effective property tax rate in Marin County is 0.77%, with a median annual property tax payment of $7,433 based on the median home value of $959,200.
  • The average effective property tax rate in Napa County is 0.68%, with a median annual property tax payment of $4,105 based on the median home value of $603,700.
  • The average effective property tax rate in San Francisco County is 0.64%, with a median annual property tax payment of $6,485 based on the median home value of $1,009,500.
  • The average effective property tax rate in Santa Clara County is 0.73%, with a median annual property tax payment of $6,650 based on the median home value of $913,000.
  • The average effective property tax rate in Santa Cruz County is 0.66%, with a median annual property tax payment of $4,672 based on the median home value of $711,000.
  • The average effective property tax rate in Solano County is 0.82%, with a median annual property tax payment of $3,108 based on the median home value of $377,500.
  • The average effective property tax rate in Sonoma County is 0.70%, with a median annual property tax payment of $3,960 based on the median home value of $568,700.
  • The average effective property tax rate in Alameda County is 0.78%, with a median annual property tax payment of $5,539 based on the median home value of $707,800.
Infographic Showing the Cost of Living in the Bay Area CA

If you are considering moving to the Bay Area in California, feel free to get in touch with us so we could help you look for the perfect home for you and your family. Give us a call today at (415) 233-8333 or send us an email at [email protected] to schedule an appointment.

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