Cost of Living in Penn valley, CA
Housing
The housing market plays a significant role in determining the cost of living in Penn valley, CA.
- Housing Index: 136.2 / 100
- Median Home Price is: $500,000
- Average Rent (2 BR Apartment): $2392 per month
- Average Rent (2 BR House): $2600 per month
When considering a move to Penn valley, CA, you’ll find the housing index at an extremely low 136.2. This suggests a potential market imbalance, possibly indicating a developmental area. Though the median home price sits at a significant 500000, it’s important to examine the rental landscape to assess affordability. Currently, rentals for a 2-bedroom apartment and house are both listed at 2392 and 2600 respectively, which may indicate a saturated rental market or limited options. Engaging local real estate agents and exploring nearby amenities could be essential in your decision-making.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Penn 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.): $258 per month
Living in Penn 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 $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 Penn valley is a financially viable option for your relocation.