According to Visual Capitalist, San Diego is the third most expensive city when it comes to buying a home. One of the most important determinations you need to make before moving to a new city or town is how much it will cost to live there. And while some people believe that rising interest rates will force housing prices down, they doubt that they will go much lower because, for those Bay Area people who make all that money, we are a bargain and a better place to live. You'll find live entertainment and shop windows at San Diego's Embarcadero or in beautiful parks and trails like Mission Bay Park.
San Diegoans consider themselves fortunate to live along sparkling coastlines, soaking up an average of 266 days of sunshine a year. The salary required to manage the cost of living in San Diego will depend on your savings goals, recreational expenses, and living conditions. With so much to do in San Diego and lots of amazing restaurants to enjoy, you'll need a pay raise. The cost of healthcare in San Diego is expensive, and healthcare prices are 64% higher than in the country.
Obviously, if you spend a lot of time eating in fancy restaurants and visiting trendy bars, you'll need a higher salary to live in San Diego than someone who lives a more frugal lifestyle. Renters looking to become homeowners face stiff competition in San Diego, as city home prices continue to rise and outperform much of Southern California. Not only will a full-service real estate agent guide you through the entire home buying process, but they'll also be able to help if you have further questions about the cost of living in San Diego. If you're thinking of moving to San Diego, review your savings and prepare for an expensive move.
However, despite its high cost of living, it is still cheaper than other California access points, such as San Francisco. Even with all this information, it can be very difficult to determine how much money you'll need to live comfortably in San Diego. Whether you use a cost-of-living index or a cost-of-living calculator, each one will help you feel more secure when deciding where to live. If you've already saved a deposit to buy a home in San Diego, the next step is to contact a local, full-service real estate agent.