How much do you think the average house costs in Bakersfield?

How much do you think the average house costs in Bakersfield?

COST OF LIVINGBakersfieldCaliforniaHousing105239.1Median Home Cost$311,100$684,800Utilities111.7102.4Transportation103.6133.14 more rows

Is it expensive to live in Bakersfield, CA?

Bakersfield, California’s cost of living is 5% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.

Why are homes in Bakersfield so cheap?

The reason why housing is much more affordable in Bakersfield than in any other area is that the city does not have the same income earning potential as surrounding areas. In turn, the housing demand is not as strong hence the prices are lower.

Is Bakersfield a good place to buy a home?

The annual report is based on the quality of life, desirability, job market, value and housing.

Is Bakersfield, CA cheap to live?

The reason why housing is much more affordable in Bakersfield than in any other area is that the city does not have the same income earning potential as surrounding areas. In turn, the housing demand is not as strong hence the prices are lower.

How much does it cost to live in Bakersfield CA?

COST OF LIVINGBakersfieldCaliforniaHealth88.892.4Housing105239.1Median Home Cost$311,100$684,800Utilities111.7102.44 more rows

Is Bakersfield CA cheap to live?

Bakersfield is more affordable than most other parts of California. Purchasing a home in Bakersfield will cost much less than in Los Angeles.

Is Bakersfield CA a good place to live?

The annual report is based on the quality of life, desirability, job market, value and housing. BAKERSFIELD, Calif. The U.S. News World Report’s has just released its top places to live in 2019 — and Bakersfield made the cut.

Is Bakersfield cheaper than LA?

Bakersfield is 40.8% less expensive than Los Angeles. Bakersfield housing costs are 64.8% less expensive than Los Angeles housing costs. Health related expenses are 0.7% less in Bakersfield.

Is it good to buy a house in Bakersfield?

With the year-over-year rise in Bakersfield home prices, it stands in the top 10% nationally for real estate appreciation. Bakersfield real estate has appreciated 123.08 percent over the last decade, equating to an annual appreciation rate of 8.35 percent on average.

Is Bakersfield cheap to live?

Bakersfield is more affordable than most other parts of California. Purchasing a home in Bakersfield will cost much less than in Los Angeles.

Is it expensive to live in Bakersfield CA?

Living in Bakersfield is relatively inexpensive. In Bakersfield, rent averages $1,100 for a 1 bedroom apartment. Transportation costs in Bakersfield amount to $4,900 a year. Food costs $3,792 a year on average for a single resident of Bakersfield.

Why are houses in Bakersfield so cheap?

With the year-over-year rise in Bakersfield home prices, it stands in the top 10% nationally for real estate appreciation. Bakersfield real estate has appreciated 123.08 percent over the last decade, equating to an annual appreciation rate of 8.35 percent on average.

Is Bakersfield a good investment?

The reason why housing is much more affordable in Bakersfield than in any other area is that the city does not have the same income earning potential as surrounding areas. In turn, the housing demand is not as strong hence the prices are lower.

Are home prices dropping in Bakersfield CA?

Known as the West Coast capital of country music, Bakersfield is otherwise a low-profile city in the Kern County. Since it has more culture than ever before, its student population is thriving, which makes it a great place for investing in commercial properties

Is Bakersfield expensive to live in?

Bakersfield, California’s cost of living is 5% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.

How much do I need to make to live in Bakersfield?

The living wage in Bakersfield is $14.28 per hour, which is the basic wage needed to pay for essentials such as housing, food, and necessities. Don’t forget that a living wage does not account for any extra costs, such as entertainment and dining.

Is Bakersfield California expensive to live?

Bakersfield, California’s cost of living is 5% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.

How much money do you need to live in Bakersfield?

According to the 30% rule, you should not be spending more than one-third, or 30%, of your gross income on rent. For example, if your rent is $1,031, the median for a one-bedroom apartment in Bakersfield, your monthly wages should be at least $3,437 per month or $41,240 annually according to the 30% rule.

Why you shouldn’t move to Bakersfield?

Bakersfield, California’s cost of living is 5% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.

Is Bakersfield CA safe to live?

How safe is Bakersfield, CA? The metropolitan area’s violent crime rate was higher than the national rate in 2020. Its rate of property crime was higher than the national rate.

What is Bakersfield CA like to live?

Living in Bakersfield offers residents a dense suburban feel and most residents own their homes. In Bakersfield there are a lot of parks. Many families and young professionals live in Bakersfield and residents tend to have moderate political views. The public schools in Bakersfield are above average.

Is Bakersfield a safe place?

Bakersfield, California’s cost of living is 5% higher than the national average. The cost of living in any area can vary based on factors such as your career, its average salary and the real estate market of that area.

Is it cheaper to live in Bakersfield?

Cost of Living in Bakersfield, California by Expense Category. Bakersfield’s housing expenses are 11% lower than the national average and the utility prices are 36% higher than the national average. Transportation expenses like bus fares and gas prices are 17% higher than the national average.

Is Bakersfield bigger than LA?

Living in Bakersfield is relatively inexpensive. In Bakersfield, rent averages $1,100 for a 1 bedroom apartment. Transportation costs in Bakersfield amount to $4,900 a year. Food costs $3,792 a year on average for a single resident of Bakersfield.