California Real Estate Information
Are you considering a move to California? There are many great reasons to move to this state. Check out these five reasons to move to California!
1. California is growing quickly and is a great place to find a job
2. California's cost of living is higher than that of other states
California's cost of living is higher than that of other states. If you're considering moving to California, or if you're already living here, the cost of living is something you should consider. A lot of people assume that the cost of living in California is going up every year. The truth is that the cost of living in California has gone up by more than the cost of living in most other states over the last few years. Some of that increase is the result of inflation, but a lot of it is new supply and demand in the industry, especially in many occupations. Overall, what we see is that while the cost of living in California is high, the salaries of Californians are also higher than those in most other states across the nation — and that this difference likely contributes to higher housing costs.
3. A large proportion of Californians have moved from another state
According to the US Census Bureau, in 2017, 37.5 million people lived in California. Of those 37.5 million, 26.3 million were born in another state. This means 60% of Californians are from another state.
4. There are many great parks in California
California is an excellent place for those who like to spend their time in the great outdoors. Some great parks include Yosemite National Park, Sequoia National Park, Joshua Tree National Park, Death Valley National Park, and Channel Island National Park.
5. There are several top universities and colleges in California
There are several top universities and colleges located in California. For example, the University of California - Berkeley, University of Southern California, University of California - Davis, Stanford University, University of California - Irvine, and Pepperdine are all located in California.
Median Value Of Owner-occupied housing units: $505,000
Median Selected Monthly Owner Costs (With A Mortgage): $2,357
Median Gross Rent: $1,503
Median Household Income: $75,235
Top 5 Employment Industries
- Professional, scientific, and technical services