As we already mentioned, the cost of living in this area might be extremely high for someone with an average US income. Starting with the median real estate value of over $1,000,000 as opposed to the national median value of $200,000, you can immediately tell the significant difference. When it comes to rental prices, the situation isn't very different. According to reviews, the median rent cost in this city is approximately $2,400, while the national median rent is about $1,000.
If you include other living expenses in your list, such as utilities, food prices, transportation costs, health care, and other factors, calculations show that the average cost of living in this city is about 114% higher than the national average. Housing prices are on the top of this list with an incredible 324%. Groceries, on the other hand, are 50% more expensive than average, so this is another important thing to consider if you're relocating here. On the other hand, the median household income in this area is approximately $130,000, twice as high as average.