Los Angeles is 8.2% more expensive than San Diego. Housing costs in Los Angeles are 6.8% more expensive than housing costs in San Diego. Housing costs in Los Angeles are 6.8% more expensive than housing costs in San Diego. Health-related spending increased by 0.4% in Los Angeles.
The key difference between living in Los Angeles and San Diego is that San Diego is quieter than Los Angeles. When it's time to pay taxes, San Diego residents should consider a statewide base sales tax rate of 7.25%, in addition to their marginal federal income tax rate. If you're thinking about moving to San Diego, review your savings and get ready for an expensive move. For example, homes in San Diego are, on average, about twice as expensive as some similarly sized cities on the East Coast, such as Atlanta.
There is growing concern that inflation will become a problem, but low mortgage rates are available in the San Diego area. It would require asking your Los Angeles-based employer if it would be a problem for you to work remotely from San Diego County. However, as in any city, the cost of living in San Diego will vary greatly depending on your lifestyle and housing circumstances. The San Diego Metropolitan Transit System (SDMTS) provides services to counties in the center, south, northeast and southeast of San Diego.
You may think you have no choice but to work in Los Angeles; you live where the paycheck is signed. The suburbs of San Diego and the neighborhoods of La Jolla, Del Mar Heights and North City have very high rental and housing prices that can be compared to those in the more expensive areas of Los Angeles. Obviously, if you spend a lot of time eating at fancy restaurants and visiting trendy cocktail bars, you'll need a higher salary to live in San Diego than someone who leads a more frugal lifestyle. To help start the research process, we've put together the following guide to housing and living costs in San Diego.
Those looking to live the most exciting lifestyle possible will lean towards Los Angeles, while those looking to maximize their quality of life will opt for San Diego. Los Angeles's purchasing power ratio is 96.58, which is high, but San Diego's 111.15 figure is higher. One thing I would say is positive about San Diego is that it's very easy to get from the airport to the city center. Scott Taylor is a licensed home loan originator, real estate agent and full time investor in San Diego.
If you've already saved up a deposit to buy a home in San Diego, the next step is to contact a local, full-service realtor.