Cost of Living in Newport beach, CA
Housing
The housing market plays a significant role in determining the cost of living in Newport beach, CA.
- Housing Index: 136.2 / 100
- Median Home Price is: $2,295,000
- Average Rent (2 BR Apartment): $2796 per month
- Average Rent (2 BR House): $3039 per month
Analyzing data for Newport beach, CA, the housing index currently stands at 136.2, indicating a potentially unstable market. The median home price is significantly set at 2295000, suggesting a luxury market or significant demand. Notably, both the average rent for a 2-bedroom apartment and a 2-bedroom house are listed as 2796 and 3039, respectively, signaling that rental options may either be scarce or not adequately captured in the data. Considering these factors, potential movers should evaluate affordability and market stability before making relocation decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Newport beach, 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 Newport beach, 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 Newport beach is a financially viable option for your relocation.