Its wildly expensive to rent or own in San Francisco, with the median home price being around $1,405,000 (according to Zillow.) The cost of living in San Diego is 15% less expensive than in San Francisco. If you are coming from San Francisco, according to our data supplied by Numbeo below, it will seem less expensive to live in Hawaii. Are you getting ready to go on that house hunting safari in San Diego? A trolley car ride in Frisco is$2.25 per ride. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Here is a list of our partners. Related Article: San Francisco vs. Philadelphia. According to the latest BLS data, consumers average over $7,000 per year on food expenses. Compare that to the hottest month, July, when San Fran is actually quite chilly than most states as temperatures vary from 60 to 80. And it adds up. Property taxes are about the same in San Francisco and San Diego; however you will see a difference in the sales tax. Choosing the right mortgage can help make your home buying journey easier and more affordable. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the, Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. When evaluating offers, please review the financial institutions Terms and Conditions. Learn More: 11 Reasons to move to San Diego. You would have to earn a salary of $82,720 to maintain your current standard of living. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. Health related expenses are 29.1% more in San Francisco. While other resources provide basic cost comparisons. Learn how to put down just 3.5%, get a home loan up to $977,500, even if you don't have "perfect" credit Do you have an FHA home loan now, want to skip a payment (or two), lower your interest rate, and save $$ on monthly payments? A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Since there are football, baseball, basketball, hockey teams, you can go to a lot of games. When it comes to San Diego though, Carlsbad schools are fourth in California in terms of school quality. Get matched with a top agent in your area. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. If you have your sights set on a particular house, we can check it out and discover what hidden problems may be lurking under the rafters. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Purchasing a home in the bay area is darn near out of reach for many people, particularly those who are middle-class wage earners. Coming up with the cash for a down payment is the biggest roadblock for most home buyers. As for the average SAT test scores, San Diegos range from 1270 to 1480, while San Fran is roughly 1233. Where we really see the food and dining cost difference between the two cities is in the grocery bills. According to the latest BLS data, consumers average over $7,000 per year on food expenses. The average after-tax salary is enough to cover living expenses for 1.9 months in San Diego compared to 1.7 months in San Francisco. San Francisco, California: San Diego, California: Diff: Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area: Whether thats a mortgage or rent, a large percentage of your salary will go toward your housing expenses each month. Scott Taylor is a licensed mortgage loan originator, real estate agent, and full time investor in San Diego. San Fran offers employment to both the white and blue collars of society. We must be fair when comparing the two cities. Core cost of living data is fromThe Cost of Living Index - COLIfrom the Council for Community and Economic Research. You may use this information only to identify properties you may be interested in investigating further. Adults find that moving can sometimes be an emotional and stressful experience. Get free guidance on changes you can make to afford more home, without spending more. Make sure you include these moving costs into the overall. Overall, wed have to say in the ongoing SoCal vs. NorCal face off, SoCal wins when it comes to cost of living. To summarize, either city would be a great choice to educate your children and ensure a bright career for them. In fact, San Francisco ranks fifth on the list of most expensive American cities. You would have to earn a salary of $48,176 to maintain your current standard of living. This consent applies even if you are on a corporate, state or national Do Not Call list. TOP POST: San Diego Housing Bubble? BestPlaces.net doesnt pull punches when it compares the two cities health costs less in San Diego than in San Francisco (89.02 to 100.3), food and groceries are cheaper in Americas finest city (109.72 to 116.6). Own a home in San Diego and you want to get a personalized home valuation for it to see how much you can walk away in profit in this exciting market? Theaverage home pricein San Diego is a little bit over $800,000, and the average home price in San Francisco is just below $1,500,000. - The Median Age is 4.0 years younger in San Diego. Plus, who wants to risk getting run over by a cable car anyway?! In addition, the house may have some structural problems that are not seen because the buyer does not know where to look. Ranked 18th vs 8th best cities to live in the United States, and 96th vs 58th among the best cities to live in the world. Because of the citys diversity, its home to numerous, different talents and young minds. Gin. Demographics data (including population, age, ethnicity, education and gender breakdown) were compiled from the, Quality of life data (gyms, bars and beauty salons per 1,000 residents) were collected from the Yellow Pages. Related Article: San Francisco vs. Chicago. The BestPlaces.net score for San Diego is 120.2 and for San Francisco is 120.5. Our partners cannot pay us to guarantee favorable reviews of their products or services. San Francisco is fortunately not as bad as Los Angeles. Both San Francisco and San Diego have wonderful dining options and cuisine. Walkability and public transit scores were obtained fromWalk Score. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. This assumes net earnings (after income tax). Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. We ask that you allow us to explain what we can do to make things easier for you. somewhere else. When it comes to staying in shape, both areas have plenty of free options outdoors like hiking, walking trails, nearby state parks, and local parks with great playgrounds for children. The city does have the San Francisco Municipal Transportation Agency (SFMTA), and getting around without acar is possible. As a result, youll find that traffic congestion is more likely to happen in San Fran than they would in San Diego. Inflation in San Diego was 8.2% in January compared to a year ago, and that is above the national average, which is at 7.5%. Learn how to tap into your homes equity with an fha cash out refinance, get up to a $977,500 loan amount, up to 85% loan to value, with a maximum of 56.99% DTI ratio By proceeding, you expressly consent to receive calls and texts at the number you provided, including marketing by auto-dialer, pre-recorded or artificial voice, and email, from San Diego Real Estate Hunter about real estate related matters, but not as a condition of purchase. Children, who dont have the maturity, independence, and understanding of a parent may be even more sensitive to a move. Housing, grocery, and health costs average similar numbers as the rest of the Golden State. California already imparts a 7.25% sales tax anywhere in the state. 2) To this websites Privacy Policy and Terms of Use. The cost of living in San Francisco, CA is 25.45% lower than your current city. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. A comparison between San Diego and San Francisco is pretty stark. In fact, if youre flying out of San Diego, the chances of you having a layover in San Francisco are quite high. Before you get the keys to your new home, you'll have to pay closing costs. The exorbitant costs are never entirely offset by the higher wages, and not everyone has jobs that afford them these higher salaries, though everyone DOES have to pay all the higher costs of living in the San Francisco area. The public transportation systems in both cities are sound. It would be hard for anyone in San Francisco to find a place to rent under $3,000 a month. Traffic can be particularly tight on the Golden Gate Bridge during peak hours, making it extremely difficult to cross the bay into other parts of the city. As the average cost of a one-bedroom apartment in San Francisco is $2,307, your monthly income $7,690 to live comfortably in San Francisco. Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. A single ride for an adult on a San Franciscos MuniMobile bus is $2.50. The Park has museums and theaters all in one area. Americans spend nearly the same amount each year on entertainment as they do on health insurance, according to the BLS. San Diego, CA New city San Francisco, CA Pre-tax household income To maintain your standard of living in San Francisco, CA, you'll need a household income of: $64,369 The cost of. There is one transportation caveat in which San Francisco wins the draw, and thats flying. Related Article: San Francisco vs. Seattle. San Diego has a sales tax of 7.75%, and San Francisco sales tax is 8.5%. There is an old saying that the worst thing a person can do in a court of law is represent themselves. When evaluating offers, please review the financial institutions Terms and Conditions. That said, the two Californian cities offer a variety of transportation systems that are affordable and available throughout the year. You will enjoy living in San Francisco, California. Having a good public transit system to use will reduce travel expenses and your overall, If you are planning to drive to work, you will be spending a lot of time and gas to get there. San Diego, CA is the 13 th most expensive city of database of 304 cities Cost Of Living Housing Costs Median 2-bedroom apartment rent $2,874 Median home price (3BR, 2BA) $947,111. All financial products, shopping products and services are presented without warranty. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. READ: San Diego vs Orange County: Which Socal City is Best in 2023 | 2024? San Francisco has the6th Best Ballet Companyin the United States, and the War Memorial Opera House is highly regarded. Negotiating is one of our specialties. There are ways to trim that down. The City by the Bay believes it is better, but we would have to suspend all disbelief to buy that story. Here are two important questions and the numbers to you will need to answer those questions: How much more or less will it cost to live in the new city? SAN DIEGO COUNTY, Calif. San Diego is one of the least affordable areas in the country where housing, gas prices, utilities, and other costs are a concern. Get matched with a top agent in your area. READ: 7 Reasons to Buy a Home in San Diego in2023 | 2024. Gin. To maintain your standard of living in San Francisco, CA, you'll need a household income of: The cost of living is 29% higher in San Francisco, CA, See San Franciscos complete City Life page. Muni buses, metro cars, and trolley coaches are just a few examples to mention. It is clear that San Diego has many advantages over San Francisco regarding the cost of living. If you can't find a city, you can type the state name to see all cities available in that state. WATCH RELATED: Searching for the lowest gas prices in San Diego (February 2022). A four-bedroom house in either will cost considerably more than what you would pay in Dayton, Ohio. - Overall, San Francisco, California is 52.1% more expensive than San Diego, California - Median Home Cost is the biggest factor in the cost of living difference. Though fluctuating, gas prices in both cities are pretty equivalent, but wear and tear on your car will probably be higher in San Francisco, just due to the greater amount of time spent on the road. The weather during January averages about 55 to 65. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Pre-qualified offers are not binding. The median age in San Diego is 33.9, and in San Francisco, it is 38.6. Here's how to know how much you really need. Based on data collected by NOAA National Climatic Data Center, San Francisco is considered to have one of the most favorable climates in the country based on comfort and number of days with clear skies. A ride on a San Diego trolley is $2 per ride on the San Diego Metropolitan Transit System (MTS) and the North County Transit District (NCTD). A cost of living index allows you to directly compare what it costs to live in one area against another, helping you understand how far your money can go in each place. San Fran, on the other hand, is the preferred city of single people who enjoy multicultural communities, mild climates, and diverse nightlife activities. Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. San Francisco has a little bit more than half the population of San Diego, with about 860,000 residents compared to San Diego, with over 1,400,000 people. We know some think that they can buy a house without the services of a real estate agent. Of course, San Francisco does have sports and cultural events, but we are not the small-town USA. Weve already mentioned housing, but looking at the cost one more time, you discover that San Francisco housing costs are 113.6% more than you will pay in San Diego. It takes longer to get around in San Francisco than it does in San Diego. 2023 Compare Cities Cost of Living: San Diego, CA vs San Francisco, CA Change Cities Highlights San Francisco is 52.1% more expensive than San Diego. A five dollar difference isnt huge, but its hard to judge an actual median price on dining out because theres so many types of dining establishments and some are more expensive than others. We have good sports teams and refined arts, so we really dont care if San Francisco is a tad better. To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. Whether you use a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live. This is not an arena for inexperienced people. square footage and lot size) with the assistance of an appropriate professional. The average grocery bill in San Diego is a little over $300, and in San Francisco, youre looking at a bill of about $423. Updated on Apr 2023. . (Below 100 means cheaper than the US average. For example, the cost of an unlimited MetroCard in New York was obtained from the. Home prices, property taxes and monthly rents vary from state to state, city to city, town to town and even neighborhood to neighborhood.For homeowners, there are more expenses to consider than just the monthly mortgage payment. Traffic and population go hand in hand. According to the council, C2ER produces the Cost of Living Index to provide a useful and reasonably accurate measure of living cost differences among urban areas. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Since rental expense makes up a significant part of the, Because University of California at Berkeley, University of California, is located in San Francisco, there is a large student population. Thats over a hundred dollars more just on groceries alone. You have to remember that once the deal is struck and the closing papers are signed, you own the house warts and all. A good real estate agent can spot potential money problems in the sale. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. But the sales tax is more than an entire percentage point higher in San Francisco, which really adds up when you ring up a bill and see how much more expensive it was than you were expecting. You dont think so? While other resources provide basic cost comparisons,NerdWallets cost of living calculatorand accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. A comparison between San Diego and San Francisco is pretty stark. Seatle's land area doubles San Francisco's at 83.8 square miles. Room in a Shared Apartment in San Diego - $900-1500 Private Apartment in San Diego - $1700-2800 Luxury Condo/Villa in San Diego - $2200-3700 It shouldn't take you too long to find an apartment, but booking a month or two in an Airbnb in San Diego will give you some peace of mind. That said, San Diego is arguably better for people who dislike the cold, while San Fran is the city for those who prefer mild climates. Wages are not rising as fast as prices are, said Dr. Alan Gin, economics professor for the University of San Diego. San Diegos claim to cultural fame is Balboa Park. Terms and ConditionsDisclaimerPrivacy PolicySitemap, San Francisco vs San Diego (Cost of Living & Lifestyle Comparison). Message frequency varies. VISIT: San Diegos 10 Most Affordable Neighborhoods in2023 | 2024. The trouble in San Francisco is that staying alive in the City by the Bay takes a lot out of a persons paycheck. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. San Fran is home to diverse kinds of art, music, festivals, and cuisines as well. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. According to the latest BLS data, consumers average over $7,000 per year on food expenses. The overall comparison between the cities has San Diego at 160.1 and San Francisco at 269.3. Jason Dempsey is the CEO and Co-Founder of Home City Living. Comparatively, San Diego is better for small families and for those who want to make it big as it offers various job opportunities. Were not sure how many people with average incomes have more than a million dollars sitting around to buy a home with, but if so, we want that job! Comparatively, San Diegos tax burden is 7.75%. San Diego is more spacious and has better beach access, while San Francisco is often better for people seeking career advancement. Get free guidance on changes you can make to afford more home, without spending more. Looks like this move could have a negative net change in disposable income. Once you understand what they cover, they'll look less overwhelming. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. JUST UPDATED: 5 Reasons to Move to San Diego in2023 | 2024. Related Article: Seattle vs. Philadelphia. San Diego, on the other hand, is the seventeenth most expensive city to live in. San Francisco has a higher cost of living than San Diego. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. The city also gives you the best of both worlds since its culture is as buzzing as it is calming. On one hand, San Fran is home to Oakland and Hayward schools that nationally rank third best in education with 81% of people pursuing a college degree afterward. Thats a lot of money! NerdWallet excluded state and local tax data because tax rates vary by state and metropolitan area, and sometimes within metropolitan area as well. Those cable cars that are trademarks of San Francisco, however, are not free rides. To begin with, during the years coldest month, namely January, San Frans average temperatures range between high to mid-50s. Frankly, a distressed sale in San Francisco probably costs a lot more than a house sale in Mira Mesa. Each home uses different amounts of electricity, gas, internet, etc. We submit that is the same case when it comes to real estate. For over a decade, weve had hardly any new builds, so we just have not had the supply to satisfy the demand.. A low rate can save you hundreds each year. Gin. Call or email us to get started on your search for your perfect home in San Diego. This is great, even if you are not a student, since there are always lots of free or cheap events to go to and plenty of cheap places to eat. On the other hand, the average living expense for a single person in San Francisco is $3507, including rent. VISIT: 5 Best Places to Live in San Diego for Military in2023 | 2024. A final slam we would like to point out is that San Francisco may think it is hipper and more exciting, but San Diego is more youthful and vibrant. NEW POST: San Diegos Best 5 Private Country Clubs in2023 | 2024. 100 = US Average. You could eat out less, cut back on takeout and cook more often. Also, San Diego spreads over an entire county, and a lot of the space is urban. VISIT: San Diegos Top 5 Luxury Home for Sale Markets in2023 | 2024. and accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. San Francisco has Ocean Beach. EXPOSED: The 'Real' San Diego Cost of Living Guide in2023 | 2024. What is the breakdown of the cost of living? How Much Down Payment Do You Need to Buy a Home. As it stands then, either city has the same weather with only minor differences in temperatures. San Diego residents are more likely to own their property than those in San Francisco. Our partners cannot pay us to guarantee favorable reviews of their products or services. I would love to help assist you with your home purchase, home sale, or home loan - please feel free to give me a call, text, or use the form below. Childcare can get extremely expensive no matter where you live. the estimated difference in money purchasing power. A mortgage of over $500,000 is expected in either of these two cities. As weve established, the population density in San Fran is higher than in San Diego. There are ways to trim that down. You should call at least three moving companies for a moving estimate, the cost might be less than you think and you wont have to worry about a friend hurting their back trying to move your heavy furniture. One of most important determinations you need to make before moving to a new city or town is how much it will cost to live there. San Francisco, while small, is home to many people because of its booming economy and rich history. With the plethora of sunny days, this proves to be both eco-friendly, and an economic endeavor for the homeowner. What are the best San Diego neighborhoods? Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. San Francisco is a little more mild than San Diego thanks to the hills that surround it and give it an insular climate. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Why bother to move stuff that you do not even use! If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. Transportation: Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. Here is a list of our partners. Keep in mind that the tickets tend to be expensive, so you need to manage your entertainment budget carefully. Cities ranked 56th and 6th ( $2797 vs $3415) in the list of the most expensive cities in the world and ranked 45th and 4th in the United States. We answer all your questions and offer expert suggestions on what to do. The largest increases were found in Transportation, Food, and Housing. San Diego Zoo isranked #2in the Best Zoos in the US to Visit in 2021. For every square mile, there are around 18,000 people living in such a tight space. Entertainment: A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. Some people purchase a season ticket with a group of friends and take turns going to the games. NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). For others, it involves driving your car, and that means factoring in car repairs, gas, tolls and parking. Please consider telling us about your city. Expenses for family in San Diego is cheaper/expensive than San francisco, and for bachelor/students its affordable to San Diego Vs San francisco. California already imparts a 7.25% sales tax anywhere in the state. For example, the cost of an unlimited MetroCard in New York was obtained from the. For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. This information may be different than what you see when you visit a financial institution, service provider or specific products site. San Francisco, California is ranked number 99 out of 100 major cities. You also agree to our, This site is protected by reCAPTCHA and the Google. But the sales tax is more than an entire percentage point higher in San Francisco, which really adds up when you ring up a bill and see how much more expensive it was than you were expecting. As a matter of fact, we are better in many areas and do not have any problem pointing that out to that city up north. Add to that our high housing costs, and now youve got the electricity and high gas on top of that, its really tough for people, particularly at the low end of the income distribution to keep up with those rising costs.. A noticeable loss can occur if the purchased house has a utility budget, and the buyer ignores that. Overall, wed have to say in the ongoing SoCal vs. NorCal face off, SoCal wins when it comes to cost of living. After abandoning the corporate world in order to indulge his wanderlust, Jason founded Home City Living with his partner Rose to create the premier source of travel information and inside local knowledge on the web to help other would-be global explorers and seekers learn to spread their wings and fly. Utilities are another somewhat ambiguous cost of living to quantify. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105, Choosing the right mortgage can help make your home buying journey easier and more affordable., Using Cost of Living to Negotiate Your Salary. A low rate can save you hundreds each year. The average salary after tax is $5561, which should cover living costs for almost a couple of months. The current electric rate cost in San Francisco,CA is 19.39 / kWh, which is the fifth highest compared to the rest of the United States. We are not sure, but please dont blame everything on San Francisco Bay. TheSan Diego Metropolitan Transit System(SDMTS) provides public transportation for Central, South, Northeast, and Southeast San Diego County. Employers in San Francisco, CA typically pay 15.8% more than employeers in San Diego, CA. San Diego is below the national average, and San Francisco is above it compared to the national figures. With these multimillion dollar businesses, come high paying jobs that bring people flocking from around the country (and even the world) to work for them and live in San Francisco. California Department of Real Estate #01362400, 9 Reasons Why Nestor Imperial Beach is a Great Place to Live in 2023 | 2024, 9 Reasons Why Imperial Beach Village is a Great Place to Live in 2023 | 2024, San Diego Best Neighborhoods to Live (2023). According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. If you dont think so, then please explain why the cost of buying a house is so ungodly high in San Francisco. Whether you use a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live. . This not only means less options, but small airports are notoriously expensive. BestPlaces.net plainly states that San Francisco is 68.2% more expensive than San Diego.
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