Fresno is generally considered to be an affordable city to live in. The cost of living in Fresno is 7% higher than the national average, but it is significantly lower than the cost of living in other major California cities, such as San Francisco and Los Angeles.
According to Salary.com, the cost of living in Fresno, CA is -2.6% lower than the national average. The largest expenses are housing, transportation and food. The average rent for a one-bedroom apartment in the city center is $1,375 per month. The minimum wage in California is $15.5 per hour in 2023.
The cost of housing in Fresno is particularly affordable. The median home price in Fresno is $250,000, which is significantly lower than the median home price in California ($750,000). The cost of rent in Fresno is also relatively low. The median rent for a one-bedroom apartment in Fresno is $1,000, which is lower than the national median rent of $1,200.
The cost of food and transportation in Fresno is also lower than the national average. The cost of groceries in Fresno is 6% lower than the national average, and the cost of gas in Fresno is 10% lower than the national average.
Overall, Fresno is an affordable city to live in. The cost of housing, food, and transportation is all lower than the national average. If you are looking for an affordable place to live in California, Fresno is a great option.
Here is a more detailed breakdown of the cost of living in Fresno:
- Housing: 7% higher than the national average
- Food: 6% lower than the national average
- Transportation: 10% lower than the national average
- Utilities: 27% higher than the national average
- Healthcare: 1% lower than the national average
- Miscellaneous: 5% higher than the national average
The cost of living in Fresno can vary depending on the neighborhood you live in. The cost of living is generally higher in the downtown area and lower in the suburbs.
A breakdown of the cost of living in Fresno, California:Housing:
- Median home cost: $359,700
- Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area: $1,257
- Cost of living in Fresno is 23% lower than the state average and 7% higher than the national average.
Utilities:
- Utilities index: 112.4
- The average cost of living in Fresno is $1979.
Other expenses:
- Apartment rent: $2,424,946.00
- Doctor visit: $164.82
- Dentist visit: Whole Milk
Overall, Fresno’s cost of living is considered affordable compared to other cities in California. However, the cost of living can vary based on factors such as housing, utilities, and other expenses.