Your Guide to the Cost of Living in Orange County CA
The cost of living in Orange County CA is a relatively simple but important factor to consider when moving to one of its neighborhoods. The cost of living is the amount of money you need to sustain a particular lifestyle in a given place and to meet essential living expenses, such as mortgage payments, food, taxes, transportation, utilities, medical care, and other costs. Orange County’s cost of living is 140.6, a bit higher than the rest of the state, with increased housing prices making up most of this difference. However, the median take-home pay of its residents is also higher. Last year alone, those who live and work in Orange County earned 12% more than those who live in different parts of the country; this does balance out, though, when the cost of living is factored in. Orange County cost of living might be expensive; however, the neighborhood’s proximity to the beach, major attractions, and their position within commuting distance to Los Angeles make Orange County as a whole worth it to call home.
Average and Individual Cost of Living in Orange County
Here is the breakdown of the considerable cost of living factors you need to consider for your move to Orange County. Identifying Orange County CA cost of living will be very helpful to find if it is a viable community for you and your family financially.
- Like most other communities in California, housing is a significant consideration when moving. Orange county scores 298.1 for housing cost, which is 158% greater than the national average. However, it does provide excellent opportunities for home buyers looking to build a profit from future equity or own potential rental property in one of the highest-priced real estate markets in the country.
- The overall cost of living in Orange County is 164.9, 55% higher than the national average.
- The cost of utilities scores 98.6, which is ten percent cheaper.
- Gas prices and transportation costs, such as bus fares, are 28% higher than the national average.
- Grocery costs in Orange County are twelve percent more costly than the national average.
- The cost of healthcare is three percent more expensive in Orange County than the national average.
About Orange County
Orange County is a fantastic place with many great and safe neighborhoods to flourish in, an excellent lifestyle, and amenities to enjoy. Orange County, California’s proximity to Los Angeles and San Diego is one reason for its appeal to home buyers. It contains many of the most stunning natural qualities, including picturesque hills, charming beaches with jaw-dropping views, and the comforting sounds of the ocean. The area’s beauty attracts several brilliant developers who develop master-planned communities that offer a lifestyle unlike any other. Orange County is home to some of Southern California’s most sought-after real estate, including sprawling estates overlooking the sea and postmodern retreats tucked into the hillsides. The economy is thriving, and tech businesses are driving much of the growth. As a result, there are plenty of jobs available for locals. Orange County is also home to every walk of life, thanks to the region’s diverse population. There are numerous exciting landmarks, historical places, attractions, and even a theme park to experience. Even though Orange County cost of living is high, the advantages and amenities offered by its areas more than makeup for the higher overall cost of living.
Should you have any questions about the cost of living or want to learn about the housing market in Orange County, you can browse our featured page at https://occoastrealestate.com/orange-county-cost-of-living/ or contact us for further information.