Cost of Living in Moreno valley, CA
Housing
The housing market plays a significant role in determining the cost of living in Moreno valley, CA.
- Housing Index: 115.0 / 100
- Median Home Price is: $466,000
- Average Rent (2 BR Apartment): $2140 per month
- Average Rent (2 BR House): $2326 per month
When considering a move to Moreno valley, CA, the housing index stands at 115.0, indicating a slightly higher cost of living compared to other regions. The median home price of 466000 suggests a substantial investment if you plan to buy. For those renting, the average costs are considerably high, with a 2-bedroom apartment at 2140 and a 2-bedroom house at 2326. This competitive rental market may lead you to consider long-term leasing options or exploring suburban areas for more affordability. Make sure to weigh your financial 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 Moreno valley, 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 Moreno valley, 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 Moreno valley is a financially viable option for your relocation.