Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. Seatle's land area doubles San Francisco's at 83.8 square miles. You also agree to our Terms of Service, and to our Privacy Policy regarding the information relating to you. Incomes are so much higher that they pay a smaller portion toward housing than we do. Of all the American States, San Francisco is the 17th in terms of population, while the neighboring San Diego, is the 8th. Are you getting ready to go on that house hunting safari in San Diego? San Francisco's high cost of living, which is more than 84% higher than the national average, starts with sky-high housing prices. The cost of living in San Diego is 15% less expensive than in San Francisco. After abandoning the corporate world in order to indulge his wanderlust, Jason founded Home City Living with his partner Rose to create the premier source of travel information and inside local knowledge on the web to help other would-be global explorers and seekers learn to spread their wings and fly. Nowletslook athow San Diegos cost of living and incomes levels compare to Miami, FL. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. San Diego is where over 1,300,000 people are, which means that about 4,370 people live in each square mile. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Take Advantage of What a Professional Can Do. Walkability and public transit scores were obtained fromWalk Score. Why bother to move stuff that you do not even use! That's probably because we're measuring average costs for the larger metro area, not just the city limits. At $36,000 a year, thats more money than many receive in income, and that money is just washed away, as renting is never an investment youll later receive benefits from. Employers in San Francisco, CA typically pay 15.8% more than employeers in San Diego, CA. Cost of Living Comparison Between San Francisco, CAand San Diego, CA You would need around 7,589.2$in San Diego, CAto maintain the same standard of life that you can have with 8,800.0$ This calculation uses our Cost of Living Plus Rent Index to compare cost of living. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Keep in mind that the tickets tend to be expensive, so you need to manage your entertainment budget carefully. San Francisco, California going out to eat at a restaurant and buying food is considered to be affordable. California already imparts a 7.25% sales tax anywhere in the state. Get free guidance on changes you can make to afford more home, without spending more. Updated on Apr 2023. . Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. Like it or not, the buyer is liable for the balance on that budget unless they insist on the seller paying off the balance. and accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. This is not an arena for inexperienced people. Places like Normal Heights or Linda Vista have houses that are roughly half the price of something that you would find in San Francisco. He bought his first investment property at the age of 21, became licensed at 22, and a broker at 24. Comparatively, San Diegos tax burden is 7.75%. We submit that is the same case when it comes to real estate. The weather during January averages about 55 to 65. That said, the two Californian cities offer a variety of transportation systems that are affordable and available throughout the year. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. If they are old enough to understand, include the children in making plans for the move. Pre-qualified offers are not binding. Purchasing a home in the bay area is darn near out of reach for many people, particularly those who are middle-class wage earners. We can sit down and talk about real estate and plan your adventure into the San Diego housing market. Wrong. Do not sell or share my personal information. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. All financial products, shopping products and services are presented without warranty. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Cost of living in San Diego Vs San francisco - Cost Off Living Make sure you include these moving costs into the overall. Please feel free to contact us at your earliest convenience. Full cost of living comparison of San Francisco, California vs San Diego, California. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Items on which the index is based have been carefully chosen to reflect the different categories of consumer expenditures., C2ER was founded in 1961, and continues to exist today as a nonprofit organization, comprising research staff of chambers of commerce, economic development organizations and agencies, and related organizations throughout the United States. C2ER has published its quarterly Cost of Living Index since 1968. JUST UPDATED: 5 Reasons to Move to San Diego in2023 | 2024. Unfortunately, sales taxes are just one of the ways cities in which many people want to live can benefit from the massive population, and theres really nothing you can do about it but pay it, or live (or shop!) San Fran is home to diverse kinds of art, music, festivals, and cuisines as well. NEW POST: San Diegos Best 5 Private Country Clubs in2023 | 2024. You should rely on this information only to decide whether or not to further investigate a particular property. We will close the comparison by saying that even though we firmly believe that San Diego has the edge, both metropolitan areas have attractions that make them stand out. Rush-hour traffic is probably hectic in San Francisco on the Golden Gate Bridge, but rush hour isnt 24/7. California already imparts a 7.25% sales tax anywhere in the state. Gin. That just makes it really costly to live in San Diego, said Dr. It is clear that San Diego has many advantages over San Francisco regarding the cost of living. According to the council, C2ER produces the Cost of Living Index to provide a useful and reasonably accurate measure of living cost differences among urban areas. The average salary in San Diego is $75,000 a year, and in San Francisco, youll find the average salary to be $97,000 a year. The average home price in San Diego is a little bit over $800,000, and the average home price in San Francisco is just below $1,500,000. I would love to help assist you with your home purchase, home sale, or home loan - please feel free to give me a call, text, or use the form below. The overall comparison between the cities has San Diego at 160.1 and San Francisco at 269.3. The median home price in San Diego is about $680,000, and while thats more than you might pay in Fargo or Pittsburgh, its still attainable for many San Diego residents with average incomes. In other parts of the country, income is lower, but housing prices are much lower, so they pay a lower portion of their income for housing, said Dr. Walkability and public transit scores were obtained from, Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. Learn how to tap into your homes equity with an fha cash out refinance, get up to a $977,500 loan amount, up to 85% loan to value, with a maximum of 56.99% DTI ratio By proceeding, you expressly consent to receive calls and texts at the number you provided, including marketing by auto-dialer, pre-recorded or artificial voice, and email, from San Diego Real Estate Hunter about real estate related matters, but not as a condition of purchase. While other resources provide basic cost comparisons,NerdWallets cost of living calculatorand accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. Cost of Living in San Diego vs San Francisco Here is a list of our partners. Thats over a hundred dollars more just on groceries alone. So, you dont have to go all over town. You would have to earn a salary of $43,520 to maintain your current standard of living. San Diego is the least affordable region in the country in terms of housing prices. Hopefully you will have a smooth commute in San Francisco, California, but be prepared for delays. Just shy of a million and a half dollars for an AVERAGE home?! Current city San Francisco, CA New city Select city Pre-tax household income Los Angeles-Long Beach Comparable Income:. READ: 7 Reasons to Buy a Home in San Diego in2023 | 2024. Example video title will go here for this video. The City by the Bay believes it is better, but we would have to suspend all disbelief to buy that story. Here's how to know how much you really need. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. When evaluating offers, please review the financial institutions Terms and Conditions. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. Cost of Living Calculator | San Diego, CA vs. San Francisco, CA This is great, even if you are not a student, since there are always lots of free or cheap events to go to and plenty of cheap places to eat. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. California already imparts a 7.25% sales tax. San Diego housing costs are 52.0% more expensive than Denver housing costs. When evaluating offers, please review the financial institutions Terms and Conditions. You can pick and choose the best gym for you, some are more barebones, some are almost spa-like. - Median Home Cost is 48% more expensive in San Francisco. You would have to earn a salary of $82,720 to maintain your current standard of living. The citys key industries include financial services, tourism, and technology. Housing, grocery, and health costs average similar numbers as the rest of the Golden State. Cost of Living in Hawaii vs. San Francisco - 2023 Peter Kay 2023-04-27T04:04:07-10:00 What is Hawaii's Cost of Living vs. San Francisco? Entertainment: A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. EXPOSED: The 'Real' San Diego Cost of Living Guide in2023 | 2024. San Francisco has a higher cost of living than San Diego. There are ways to trim that down. On one hand, San Fran is home to Oakland and Hayward schools that nationally rank third best in education with 81% of people pursuing a college degree afterward. Pre-qualified offers are not binding. Muni buses, metro cars, and trolley coaches are just a few examples to mention. The cost of living in San Diego, CA is -19.7% lower than in San Jose, CA. But the sales tax is more than an entire percentage point higher in San Francisco, which really adds up when you ring up a bill and see how much more expensive it was than you were expecting. You could eat out less, cut back on takeout and cook more often. But the sales tax is more than an entire percentage point higher in San Francisco, which really adds up when you ring up a bill and see how much more expensive it was than you were expecting. Some people purchase a season ticket with a group of friends and take turns going to the games. So, we want to share with you the great qualities of San Diego and why the story that San Francisco is better just barks at the moon. In fact, San Francisco ranks fifth on the list of most expensive American cities. We know some think that they can buy a house without the services of a real estate agent. The average after-tax salary is enough to cover living expenses for 1.9 months in San Diego compared to 1.7 months in San Francisco. Thats crazy, even by California standards. Because the price of goods and services varies from one city to the next, calculating the cost of living will determine how affordable it is to live in a certain area. San Francisco housing costs are 81.2% more expensive than San Diego housing costs. After abandoning the corporate world in order to indulge his wanderlust, Jason founded Home City Living with his partner Rose to create the premier source of travel information and inside local knowledge on the web to help other would-be global explorers and seekers learn to spread their wings and fly. Inflation in San Diego was 8.2% in January compared to a year ago, and that is above the national average, which is at 7.5%. As for the average SAT test scores, San Diegos range from 1270 to 1480, while San Fran is roughly 1233. The average salary in San Diego is $68,565/year, which is about $32.96/hour. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. The Bay Area is full of medical campuses, and is home to the well known cradle of tech, Silicon Valley, where youll find giants such as Google, Apple, Facebook and many more. You may use this information only to identify properties you may be interested in investigating further. Its wildly expensive to rent or own in San Francisco, with the median home price being around $1,405,000 (according to Zillow.) You should call at least three moving companies for a moving estimate, the cost might be less than you think and you wont have to worry about a friend hurting their back trying to move your heavy furniture. from San Diego, CA with a salary of $60,000, View Minimum Wage Values in San Diego and San Francisco Compared with the Cost of Living. And it adds up. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); While America watched the Tanner children of. The San Francisco Zoo does not even come close. This information may be different than what you see when you visit a financial institution, service provider or specific products site. San Diego, California's cost of living is 44% higher than the national average. Last but not least, how are you going to pay for all the above? Weekly trips to the grocery store can add up, especially if food costs are high where you live. All financial products, shopping products and services are presented without warranty. As of 2020, San Francisco has around 840,000 people living in a land area of 46.9 square miles. That said, San Diego is arguably better for people who dislike the cold, while San Fran is the city for those who prefer mild climates. You could eat out less, cut back on takeout and cook more often. The cost of living in San Fran can be quite high, but thats only due to its booming economy and variety of job opportunities.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'homecityliving_com-mobile-leaderboard-1','ezslot_15',109,'0','0'])};__ez_fad_position('div-gpt-ad-homecityliving_com-mobile-leaderboard-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'homecityliving_com-mobile-leaderboard-1','ezslot_16',109,'0','1'])};__ez_fad_position('div-gpt-ad-homecityliving_com-mobile-leaderboard-1-0_1');.mobile-leaderboard-1-multi-109{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:15px!important;margin-left:auto!important;margin-right:auto!important;margin-top:15px!important;max-width:100%!important;min-height:600px;padding:0;text-align:center!important}.