The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. You should rely on this information only to decide whether or not to further investigate a particular property. A trolley car ride in Frisco is$2.25 per ride. 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. 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. Lets get real: San Francisco residents will be in nursing homes before we are in San Diego, provided they live that long. Your email address will not be published. Most Californian cities are known for providing a variety of job opportunities, including Los Angeles, San Francisco, and San Diego. How is this tool different from other resources out there? option. Negotiating is one of our specialties. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. While other resources provide basic cost comparisons. Here is a list of our partners. You could eat out less, cut back on takeout and cook more often. Weve already mentioned housing, but looking at the cost one more time, you discover that San Francisco housing costs are 113.6% more than you will pay in San Diego. If you need assistance with finding the right financing, we make that chore a lot easier. The median rent in San Francisco is$1895, and most people in San Francisco rent. Muni buses, metro cars, and trolley coaches are just a few examples to mention. The average salary in San Diego is $68,565/year, which is about $32.96/hour. San Diego is rather relaxing to live at. A mistake can have considerable financial consequences. Plus, who wants to risk getting run over by a cable car anyway?! Getting to work is important. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. the estimated difference in money purchasing power. To begin with, during the years coldest month, namely January, San Frans average temperatures range between high to mid-50s. The trouble in San Francisco is that staying alive in the City by the Bay takes a lot out of a persons paycheck. Above 100 means more expensive.) This element is especially important for those of you with children whom you want to enroll in a great, educating environment that you can trust. The San Francisco Zoo does not even come close. San Francisco is fortunately not as bad as Los Angeles. For example, the cost of an unlimited MetroCard in New York was obtained from the. Even with all these job opportunities and these higher annual salaries, when added up, it still costs less to live in San Diego than San Francisco. Overall, wed have to say in the ongoing SoCal vs. NorCal face off, SoCal wins when it comes to cost of living. Proximity to employment is an important consideration because it can drastically impact your cost of living. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. READ: 5 (Hot) Up and Coming San Diego Neighborhoods in2023 | 2024. We must be fair when comparing the two cities. More than 77% of San Diego has a commute time of less than 30 minutes to or from work every day, and around 55% of San Francisco has a less than 30 minutes commute, meaning almost half the city is spending more than a half hour in their car in the morning and evening, just to get to work. Ranked 18th vs 8th best cities to live in the United States, and 96th vs 58th among the best cities to live in the world. Disclaimer: NerdWallet strives to keep its information accurate and up to date. For every square mile, there are around 18,000 people living in such a tight space. You would have to earn a salary of $48,176 to maintain your current standard of living. Housing Cost 35.57% Lower The rule of thumb is not to spend more. 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. Property taxes are about the same in San Francisco and San Diego; however you will see a difference in the sales tax. This is only $1,900 more per year than the nationwide average of $66,665/year, yet the cost of living in San Diego is 44% higher than the national average. Comparatively, San Diego is better for small families and for those who want to make it big as it offers various job opportunities. San Diego, CA New city San Francisco, CA Pre-tax household income To maintain your standard of living in San Francisco, CA, you'll need a household income of: $64,369 The cost of. 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. If you are coming from San Francisco, according to our data supplied by Numbeo below, it will seem less expensive to live in Hawaii. This not only means less options, but small airports are notoriously expensive. This assumes net earnings (after income tax). Food: Weekly trips to the grocery store can add up, especially if food costs are high where you live. When evaluating offers, please review the financial institutions Terms and Conditions. A noticeable loss can occur if the purchased house has a utility budget, and the buyer ignores that. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Of all the American States, San Francisco is the 17th in terms of population, while the neighboring San Diego, is the 8th. The exorbitant costs are never entirely offset by the higher wages, and not everyone has jobs that afford them these higher salaries, though everyone DOES have to pay all the higher costs of living in the San Francisco area. We answer all your questions and offer expert suggestions on what to do. San Diego is a great place to fire up a small business or launch a startup company, too. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. All financial products, shopping products and services are presented without warranty. Big Deal. It might sound catty, but we sometimes think that San Francisco really wants to be a ghost town. One of most important determinations you need to make before moving to a new city or town is how much it will cost to live there. In conclusion, it seems that San Diego would be the better option for people who want to move to a colorful, big city with fast traffic and vibrant cultures. Income level needed tomaintainsimilar standard of living: If you would like to do your own cost of living comparison using your own salary, you can use thiscalculator tool. But even then, the price of groceries is going to significantly influence your cost of living. Since San Diego is located on the border, its heavily affected by the colorful Mexican and Hispanic cultures. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Its also known to be a state with an exorbitant cost of living. The city does have the San Francisco Municipal Transportation Agency (SFMTA), and getting around without acar is possible. Factor in too, that the collective tax burden in San Fran currently stands at 8.63%, including state tax. Cost of Living in San Diego, CA is 35.0% Higher than the National Average Did the Cost of Living in San Diego, CA increase in 2023? San Francisco is a little more mild than San Diego thanks to the hills that surround it and give it an insular climate. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. Get Pre-Approved for a San Diego home loan in 60 seconds or less no social security number needed. We can sit down and talk about real estate and plan your adventure into the San Diego housing market. On the other hand, San Diego is located near the Mexican border and its size is an impressive 325.9 square miles. Get free guidance on changes you can make to afford more home, without spending more. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. California already imparts a 7.25% sales tax. Those are the kind of people who believe they will save money by not paying real estate commissions. San Francisco, California is ranked NO. As the average cost of a one-bedroom apartment in San Francisco is $2,307, your monthly income $7,690 to live comfortably in San Francisco. Proximity to employment is an important consideration because it can drastically impact your cost of living. Take Advantage of What a Professional Can Do. 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. A comparison between San Diego and San Francisco is pretty stark. A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. 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. The cost of living in Hong Kong is 18% less expensive than in San Francisco, CA. When moving to a distant place, help your children learn about the new area. Lets talk about salary! Full cost of living comparison of San Francisco, California vs San Diego, California. Call or email us to get started on your search for your perfect home in San Diego. Those cable cars that are trademarks of San Francisco, however, are not free rides. Walkability and public transit scores were obtained fromWalk Score. Jason Dempsey is the CEO and Co-Founder of Home City Living. Many direct flights head out from San Francisco all over the country, and many international flights leave from there, making it an easy return to arrive back in the states from your trip and instantly be home. 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. That professional can negotiate with the seller or the sellers agent to deduct certain expenses from the final sale price. According to the latest BLS data, consumers average over $7,000 per year on food expenses. NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. So, it would make sense that commuting would be a little bit easier in a smaller city, right? A ride on a San Diego trolley is $2 per ride on the San Diego Metropolitan Transit System (MTS) and the North County Transit District (NCTD). Using these numbers, we calculated the net change in annual disposable income that a move to the new city will have on your wallet and lifestyle. The current electric rate cost in San Francisco,CA is 19.39 / kWh, which is the fifth highest compared to the rest of the United States. As weve established, the population density in San Fran is higher than in San Diego. Each city offers an array of grocery stores, everything from chains such as Ralphs, the west coast Kroger owned grocer, to Whole Foods, to small organic options, and even some economic grocers like Food 4 Less. Consequently, statistics cited in this article are as of this writing.? For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. 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. San Diego's 7 Best Places to Live in 2023 | 2024 (Trending), San Diego Housing Market Forecast for 2023 | 2024 (Updated), 5 San Diego Housing Predictions for 2023 | 2024 (Top Post), 5 (Hot) Up and Coming San Diego Neighborhoods in 2023 | 2024, San Diego Housing Bubble? Health related expenses are 6.1% more in San Diego. You can text Help for help and Stop to cancel. Sports tickets can increase your, Even if you are moving within your current state, the cost of moving could be over $1,000 depending on the city, what you are moving, and how much professional help you hire. This is only $1,900 more per year than the nationwide average of, San Diegans pay higher % of income on housing than in SF, If you would like to do your own cost of living comparison using your own salary, you can use this, Man killed at house party in East County was previously sentenced for murder, Cloudy and cool week ahead with rain chances peaking on Thursday, San Diego gas prices hit another record high Sunday, Of the best states to live in, California is #48, San Diego sets record for county's highest gas price in history. Our partners cannot pay us to guarantee favorable reviews of their products or services. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. from the Council for Community and Economic Research. Frankly, a distressed sale in San Francisco probably costs a lot more than a house sale in Mira Mesa. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. San Francisco Municipal Transportation Agency, Los Angeles vs San Diego Living, Moving & Costs, San Diego vs Austin Living, Moving, and Costs, Los Angeles vs Austin Living, Moving, and Costs, Los Angeles vs Phoenix Living, Moving, and Costs, 10 Kansas City Nicknames (And How it Got Them), 10 St Louis Nicknames (And How it Got Them), 8 Top San Diego Nicknames (And How it Got Them), San Antonio Nicknames (And How it Got Them), 10 Nicknames for Portland Oregon (And Where They Come From). Here is a list of our partners. grow up in one of San Franciscos famed Painted Lady Victorian homes, lets be honest, this isnt how most San Francisco residents live. Pre-qualified offers are not binding. This consent applies even if you are on a corporate, state or national Do Not Call list. 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. 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. The overall comparison between the cities has San Diego at 160.1 and San Francisco at 269.3. San Francisco is also strongly influenced by Mexican customs and food. from the Council for Community and Economic Research. VISIT: San Diegos Top 5 Luxury Home for Sale Markets in2023 | 2024. 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. Whether you use a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live. San Diego is one of the least affordable areas in the country where housing, gas prices, utilities, and other costs are a concern. Employers in San Diego, CA typically pay -13.7% less than employers in San Francisco, CA. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. If youre considering moving to California, pack those bathing suits, because youll get more for your buck in San Diego. Make sure you include these moving costs into the overall. Here's how to know how much you really need. Unfortunately, the high prices of homes in San Francisco have spilled over into the . Looking at two cities on opposite ends of the state, with very different landscapes and lifestyles, lets compare the cost of living in San Diego vs. San Francisco. 2) To this websites Privacy Policy and Terms of Use. But even then, the price of groceries is going to significantly influence your cost of living. Do not sell or share my personal information. Get your true budget and find a home with ease. This is only $1,900 more per year than the nationwide average of$66,665/year, yet the cost of living in San Diego is44% higherthan the national average. California is notorious for traffic, and while both San Francisco and San Diego have traffic, its a little bit worse in San Francisco. Energy costs in San Francisco,CA are generally going up. Simply put, San Diego has fewer traffic jams than San Fran, making it easier to get around the city by car. (Take that, Frisco!). Comparatively, San Diegos tax burden is 7.75%. However, these amateurs lose money in other places. With these multimillion dollar businesses, come high paying jobs that bring people flocking from around the country (and even the world) to work for them and live in San Francisco. All financial products, shopping products and services are presented without warranty. JUST UPDATED: 5 Reasons to Move to San Diego in2023 | 2024. According to the latest BLS data, consumers average over $7,000 per year on food expenses. This makes utilities another sector of our cost of living comparison which seems to be rather similar in cost. The citys key industries include financial services, tourism, and technology. Public transit in San Francisco, CA will cost you around $91.00 per month. Rent is just as rough. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. A mortgage of over $500,000 is expected in either of these two cities. San Francisco has a higher cost of living than San Diego. 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. And it adds up. A final slam we would like to point out is that San Francisco may think it is hipper and more exciting, but San Diego is more youthful and vibrant. 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. As of September 2022, the average cost of housing was 238% more expensive than the national average, according to RentCafe.com. That translates to an annual pre-tax income of $92,280. 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. anywhere in the state. Related Article: San Francisco vs. Seattle. With these multimillion dollar businesses, come high paying jobs that bring people flocking from around the country (and even the world) to work for them and live in San Francisco. In short, both cities were shaped by Latino culture and as such, are always bustling with life and delicious dishes. The median age in San Diego is 33.9, and in San Francisco, it is 38.6. For example, the cost of living in San Francisco is twice that of Boise, Idaho. NEW POST: San Diegos Best 5 Private Country Clubs in2023 | 2024. READ: 6 Reasons San Diego is Californias #1 Real Estate Buy in2023 | 2024. A low rate can save you hundreds each year. For example, the cost of living in San Francisco is twice that of Boise, Idaho. San Francisco, while small, is home to many people because of its booming economy and rich history. READ: San Diego vs Los Angeles: Which SoCal City is Best in 2023 | 2024? (Below 100 means cheaper than the US average. 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. Please feel free to contact us at your earliest convenience. On the other hand, the average living expense for a single person in San Francisco is $3507, including rent. It takes longer to get around in San Francisco than it does in San Diego. Crowdsourced data is a vital part of the Internet, help us become better! Just shy of a million and a half dollars for an AVERAGE home?! As a result, youll find that traffic congestion is more likely to happen in San Fran than they would in San Diego. With the plethora of sunny days, this proves to be both eco-friendly, and an economic endeavor for the homeowner. We gave San Francisco its props, to be fair, and because we know there is one significant advantage we have over San Francisco: San Francisco is too darn expensive to live in! He bought his first investment property at the age of 21, became licensed at 22, and a broker at 24. The same type of job in the same type of company in San Diego, CA will typically pay $51,593 . Own a home in San Diego and you want to get a personalized home valuation for it to see how much you can walk away in profit in this exciting market? Coming up with the cash for a down payment is the biggest roadblock for most home buyers. We happen to have a great beach town named Ocean Beach, and it has more to offer than sand! Its tough. Do you own a home in San Diego and want a fast, free, and automated home valuation in 30 seconds or less? Cities ranked 56th and 6th ( $2797 vs $3415) in the list of the most expensive cities in the world and ranked 45th and 4th in the United States. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Many homes in Southern California, however, are switching to solar power. The size of your home and your family will also cause these prices to fluctuate, but generally speaking, the cost of utilities in San Diego is about $134 a month, and in San Francisco, its about $154. Do not sell or share my personal information. Frankly, we think we are at the top of the list no matter what New Yorkers had to say about the Big Rotten Apple. Cities ranked 63rd and 4th ($2884 vs $3507) in the list of the most expensive cities in the world and ranked 1st and 2nd in China and the United States, respectively. 5 Reasons Why It Won't Crash in2023 | 2024. Like it or not, the buyer is liable for the balance on that budget unless they insist on the seller paying off the balance. 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. Price collection by city is conducted in strict conformance with standard specifications at specified times. Often this leads families to be a single income household if at all possible, to avoid this excessive cost. Last but not least, how are you going to pay for all the above? - Overall, San Francisco, California is 52.1% more expensive than San Diego, California - Median Home Cost is the biggest factor in the cost of living difference. Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. July summers in San Diego begin at a similar range and can reach up to 70, but never exceed 80. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. San Diego at 279. Education data was provided courtesy ofGreatschools, a nationwide ratings system that evaluates schools based on performance on state achievement tests. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. 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. Get your true budget and find a home with ease. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. If you like to go to a gym, a gym membership in San Diego runs about $44 a month, and in San Francisco, its almost $90. What a person should remember in comparing the two cities is that both have one major thing in common: these are high-priced metropolitan areas compared to other parts of the United States. As for the average SAT test scores, San Diegos range from 1270 to 1480, while San Fran is roughly 1233. Thinking about moving to another city? Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Pre-qualified offers are not binding. 1 and San Francisco at 596.2. It is clear that San Diego has many advantages over San Francisco regarding the cost of living. Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Learn More: What are the best San Diego neighborhoods? A low rate can save you hundreds each 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. San Diego, CA is the 13 th most expensive city of database of 304 cities Cost Of Living Housing Costs Median 2-bedroom apartment rent $2,874 Median home price (3BR, 2BA) $947,111. What is causing this? So, you dont have to go all over town. Employers in San Diego, CA typically pay -14.0% less than employers in San Jose, CA. We have good sports teams and refined arts, so we really dont care if San Francisco is a tad better. Looking to move to the San Diego area & need some help? 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. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. 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%. Overall, wed have to say in the ongoing SoCal vs. NorCal face off, SoCal wins when it comes to cost of living. 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. 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. San Diego Zoo isranked #2in the Best Zoos in the US to Visit in 2021. You could eat out less, cut back on takeout and cook more often. We have been in the real estate market here in San Diego for years, and we know the metropolitan area from Oceanside to Imperial Beach. Thats a lot of money! 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. 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. You can save some expense by packing boxes yourself, renting a U-Haul truck, and asking friends and family to help with the loading and unloading. Its theater scene is also better than ours, sad to say. If you are coming from San Diego, according to our data supplied by Numbeo below, it will cheaper to live in Hawaii. Of course, San Francisco does have sports and cultural events, but we are not the small-town USA. Wrong. A four-bedroom house in either will cost considerably more than what you would pay in Dayton, Ohio. Do these housing costs seem low to you? 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. The Bay Area is full of medical campuses, and is home to the well known cradle of tech. If you compare the average housing price here with the average income, a higher portion of income is required to afford housing here than any other place in the country., San Diegos housing market is quite expensive right now and its still on the increase, said Chris Anderson, board president for the San Diego Association of Realtors. Places like Normal Heights or Linda Vista have houses that are roughly half the price of something that you would find in San Francisco.
