The Santa Monica cost of living just might surprise you as to how much it actually is -- particularly compared to other nearby areas. Of course, it's not the least expensive place to live but you do pay a price to live in paradise. Although, when you look at the most day to day expenses, it's not nearly as outrageous as one might imagine. So, let's take a look at the cost of living in Santa Monica.The Santa Monica cost of living is something that shouldn't scare most people off. By categorizing monthly expenses, you'll see it is more affordable in many respects. Using a baseline of 100 as a national average score, anything that's above is more expensive, while anything below is less expensive. Here's a quick breakdown of the cost of living in Santa Monica:Utilities. The cost of monthly utilities in Santa Monica stands at a score of 81, which makes it less expensive than both the national and statewide figure of 102.Healthcare. For healthcare, in Santa Monica, the cost scores an 85, meaning it's also less expensive than both the state and country.Groceries. The cost of food is only slightly above the national number and below the statewide figure of 107, with Santa Monica being 100.Miscellaneous and transportation. Miscellaneous and transportation score 104 and 181, respectively, in the city of Santa Monica.Housing is the last category and it's where the biggest cost comes into play. The median home price in Santa Monica is $1.77 million, while the statewide is $548,600.
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The Santa Monica cost of living just might surprise you as to how much it actually is -- particularly compared to other nearby areas. Of course, it's not the least expensive place to live but you do pay a price to live in paradise. Although, when you look at the most day to day expenses, it's not nearly as outrageous as one might imagine. So, let's take a look at the cost of living in Santa Monica.The Santa Monica cost of living is something that shouldn't scare most people off. By categorizing monthly expenses, you'll see it is more affordable in many respects. Using a baseline of 100 as a national average score, anything that's above is more expensive, while anything below is less expensive. Here's a quick breakdown of the cost of living in Santa Monica:Utilities. The cost of monthly utilities in Santa Monica stands at a score of 81, which makes it less expensive than both the national and statewide figure of 102.Healthcare. For healthcare, in Santa Monica, the cost scores an 85, meaning it's also less expensive than both the state and country.Groceries. The cost of food is only slightly above the national number and below the statewide figure of 107, with Santa Monica being 100.Miscellaneous and transportation. Miscellaneous and transportation score 104 and 181, respectively, in the city of Santa Monica.Housing is the last category and it's where the biggest cost comes into play. The median home price in Santa Monica is $1.77 million, while the statewide is $548,600.
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