{"id":29253,"date":"2023-11-17T08:31:00","date_gmt":"2023-11-17T08:31:00","guid":{"rendered":"https:\/\/worldscholarshipforum.com\/wealth\/?p=29253"},"modified":"2023-11-17T09:22:47","modified_gmt":"2023-11-17T09:22:47","slug":"most-expensive-cities-in-california","status":"publish","type":"post","link":"https:\/\/kiiky.com\/wealth\/most-expensive-cities-in-california\/","title":{"rendered":"10 Most Expensive Cities in California | Updated","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
The Golden State, the Golden West, the Land of Milk and Honey, the Land of Sunshine and Opportunity, and our personal favorite, the Land Where Stars are Buried\u2014California is known by many titles. <\/p>\n\n\n\n
The fact that California is where the “gold” may be found is a common motif running through all of these names. It should not surprise you to learn that California towns are among the wealthiest in the world.<\/p>\n\n\n\n
Given this, it’s no surprise that some of California’s cities are also among the most costly. <\/p>\n\n\n\n
We have already made a comprehensive list of the 10 most expensive cities in California to drive to what makes this state the golden state.<\/p>\n\n\n\n\n\n
We all know it as the golden state among many other names we know it for, but why is California so expensive? With the help of statistical data collated, we were able to discover the key features that make the most expensive cities in California very costly to live in.<\/p>\n\n\n\n
Californians pay far more for their monthly costs than the rest of the country A significant portion of it is due to its regulation. But first, let’s take a look at what makes up the state’s monthly living costs.<\/p>\n\n\n\n
California is the eighth-most costly state in which to insure a car, with inhabitants in the most expensive cities in California spending an average of $1,962 per year. <\/p>\n\n\n\n
Certain locations are less expensive, but the high mileage people drive and highly populated cities increase the risk of accidents, making vehicle insurance in California more expensive than in many other states.<\/p>\n\n\n\n
California is in the middle of the pack when it comes to healthcare availability and affordability, ranking 23rd.<\/p>\n\n\n\n
California is slightly more expensive than the rest of the United States in terms of energy and phone usage. <\/p>\n\n\n\n
Bakersfield, for example, has a utility cost that is 43% higher than the national average!<\/p>\n\n\n\n
When considering why California might be such an expensive location to live in, don’t forget about the state’s taxation. <\/p>\n\n\n\n
California has extremely high-income taxes, while residents in the lowest income band pay only 1% of their income in taxes. <\/p>\n\n\n\n
California has the highest sales tax rate, 7.25 percent, and localities can add their own, bringing the total to 9.5 percent in LA.<\/p>\n\n\n\n
California, sadly, continues to lead the way in terms of high living costs. Expect to pay between 5% and 33% more for your weekly groceries than in the average US metropolis. <\/p>\n\n\n\n
According to the data, the extreme is in Oakland and it can go higher in the most expensive cities in California.<\/p>\n\n\n\n