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Cost of living anywhere in the Bay Area is much higher than the national average due almost entirely to real estate.
by api 7y ago
Cost of living anywhere in the Bay Area is much higher than the national average due almost entirely to real estate.
- alistairSH 7y agoAs long as "much higher" is 2x the national average, Bay Area residents still come out ahead, especially on gross cash basis. Median household in SJ earns ~120k. Median for USA is ~$60k. Even if the SJ resident spend 40% on housing, they come out WAY ahead of the median household spending 25% on housing.
- nickv 7y agoHousing is considerably more than 2x. Average cost of a house in America is around $380k, average cost of a house in San Francisco is $1.7M according to Zillow. San Jose is $1.2M. Fremont is $1.1M. The cheapest (and not a great place to live and horrible commute) place in the Bay Area is Vallejo and that's still $450k. So 3-6x more expensive depending on where you look generally.