Your question: Why is it so expensive to buy a house in San Luis Obispo?

Why is it so expensive to live in San Luis Obispo?

San Luis Obispo Real Estate Market – Cost of Housing

One of the reasons that San Luis Obispo is so expensive is because of the housing costs. Currently, the San Luis Obispo housing market is very competitive. … Plus, the San Luis Obispo real estate trends are going down by 2.8%, so it’s a great time to buy.

Is San Luis Obispo expensive to live in?

San Luis Obispo County is the sixth most unaffordable place to live in the United States, according to a new survey released by RealtyTrac, a national real estate firm. It’s not the first time the area has made such a list, given average annual wages and the cost of housing here.

How much do you need to make to live in San Luis Obispo?

In San Luis Obispo County, the report showed the median income per household was $81,000, and residents needed to make 94 percent of that amount — $76,140 — to comfortably afford rent on a two-bedroom apartment.

THIS IS INTERESTING:  Should REITs be in a taxable account?

How much does it cost to live in San Luis Obispo California?

San Luis Obispo cost of living is 163.9

COST OF LIVING San Luis Obispo California
Health 96.4 92.4
Housing 317.3 239.1
Median Home Cost $733,600 $552,800
Utilities 95 102.4

Is San Luis Obispo a safe place to live?

San Luis Obispo is in the 13th percentile for safety, meaning 87% of cities are safer and 13% of cities are more dangerous. … The rate of crime in San Luis Obispo is 55.94 per 1,000 residents during a standard year. People who live in San Luis Obispo generally consider the southwest part of the city to be the safest.

Where is the best place to live in San Luis Obispo?

Ferrini Heights is one of the best areas to live in San Luis Obispo for jogging enthusiasts, hikers, and families. This beautiful San Luis Obispo suburb is located close to downtown and offers easy access to Madonna Mountain and Bishop’s Peak.

What is San Luis Obispo known for?

Known for its lively downtown, historic Spanish mission, museums and art galleries, great eateries, and wine and craft beer tasting rooms, San Luis Obispo has something for every type of traveler. Dubbed “the happiest place in America,” San Luis Obispo should definitely be on your Golden State itinerary!

What do locals call San Luis Obispo?

“San Louie

It’s called “San Luis Obispo” or simply “SLO.” Yes, this is a subtle thing, but truly crucial when it comes to passing as a local.

Is San Luis Obispo a good place to retire?

San Luis Obispo is in San Luis Obispo County and is one of the best places to live in California. Living in San Luis Obispo offers residents a dense suburban feel and most residents rent their homes. In San Luis Obispo there are a lot of bars, restaurants, coffee shops, and parks.

THIS IS INTERESTING:  Quick Answer: How much does a survey cost when selling a house?