Cost of Living in Gilroy, CA
Housing
The housing market plays a significant role in determining the cost of living in Gilroy, CA.
- Housing Index: 120.5 / 100
- Median Home Price is: $1,040,000
- Average Rent (2 BR Apartment): $3035 per month
- Average Rent (2 BR House): $3299 per month
Considering a move to Gilroy, CA? With a housing index of 120.5, the market is competitive, indicating higher than average demand. The median home price at 1040000 places homeownership within a premium bracket, while average rentals for a two-bedroom apartment are around 3035 and a house at 3299. Keep in mind, factors such as local amenities, job market stability, and quality of life can greatly impact your decision. Exploring neighborhoods can unveil potential hidden gems that may offer more affordable options while still providing what you're looking for.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Gilroy, 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.): $250 per month
Living in Gilroy, 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 $250 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 Gilroy is a financially viable option for your relocation.