Cost of Living in Fresno, CA
Housing
The housing market plays a significant role in determining the cost of living in Fresno, CA.
- Housing Index: 136.2 / 100
- Median Home Price is: $355,000
- Average Rent (2 BR Apartment): $2796 per month
- Average Rent (2 BR House): $3039 per month
When considering a move to Fresno, CA, the housing data reveals a housing index of 136.2, indicating that the cost of living here is relatively higher than the national average. The median home price stands at 355000, which may present an investment opportunity. Alternatively, if renting is preferred, you’ll find the average rent for a 2-bedroom apartment at 2796, and for a house at 3039. These figures suggest a competitive rental market, making it crucial to weigh your options thoroughly before making a decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fresno, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $258 per month
Living in Fresno, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $258 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Fresno is a financially viable option for your relocation.