According to Visual Capitalist, San Diego is the third most expensive city when it comes to buying a home. Known as the best city in the United States, San Diego is one of the country's most popular and expensive cities to live in. 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. Despite San Diego's many premium attractions, there are still free things to see and do that will keep your budget under control.
However, if you're willing to move a few blocks from San Diego's famous beaches, you'll find many more affordable lodging options. To help start the research process, we've put together the following guide to housing and living costs in San Diego. The salary required to manage the cost of living in San Diego will depend on your savings goals, recreational expenses and living conditions. However, despite its higher cost of living, it's still cheaper than other hotspots in California, such as San Francisco.
Housing is likely to take up most of your monthly budget, so let's start by evaluating the cost of living in San Diego. Whether you're looking for great food, beautiful beaches, fun places to drink, incredible activities, great job opportunities, or a diverse local population, San Diego is where you can find it. San Diego's stunning scenery and the ocean front breeze make it the perfect place to settle and live in California. With so much to do in San Diego and so many incredible restaurants to enjoy, you'll need a pay rise.
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. While San Diego is the 14th most expensive city in the United States, the City of Los Angeles easily surpasses it in eighth place. On the upside, the average effective property tax rate in San Diego is only 0.76%, which is below the national average of 1.1%.