To get an idea of what you’re typically spending, diligently track your current expenses, both wants and needs, for one full month in a document. PRO TIP: Your housing should be roughly 30% of your total gross income.īut beyond housing, the cost of living in California includes several dozen factors, which vary across the state-things like the average cost of seeing a doctor or the average cost of food. For example, in Sacramento-Roseville-Arden-Arcade, California, the average mortgage rate was 2.60% and the average principal and interest payment was $1,455 in Q3 2020. Get specific about your needs when comparing the cost of living between two cities: Maybe the most obvious factor that you may want to examine in the area you’re thinking about moving to is the cost of housing. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Home does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Home. Second, we also include links to advertisers’ offers in some of our articles these “affiliate links” may generate income for our site when you click on them. This site does not include all companies or products available within the market. The compensation we receive for those placements affects how and where advertisers’ offers appear on the site. First, we provide paid placements to advertisers to present their offers. This compensation comes from two main sources. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Home site. The Forbes Home editorial team is independent and objective.
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