The Cost Of Living In Nevada vs California
When we talk about the cost of living, then we do not only mean housing costs, but rather, we include some other costs that facilitate the smooth living of a person. The additional costs that determine the cost of living of a pace may include utility costs, cost of food, transportation cost, taxes, and other miscellaneous costs. This article will compare the cost of living between two major states in the United States, namely, Nevada and California. Both of the states are highly reputable states that you set your settlement with your family. But before doing so, it is crucial to have a look at their costs of living.
Cost of living in Nevada
Nevada is a big state that has got various cities in it, with Carson City being the capital. Some other segments of the state have higher costs of living, while other segments have lower costs of living. For example, the average cost of health and utility bills in Nevada is less than the national average cost. However, transportation and grocery costs are higher than the national average cost. Let’s look at each segment individually.
· Housing Cost In Nevada
Over the past year, the price of houses in Nevada has grown exponentially, and they are still expected to grow in the coming years. It is expected to rise by 3.5% in 2021. Currently, the average cost of a home on Nevada State is $306,954. This is cheaper as compared to the cost of a home in California. The median value of a square foot in Nevada is $179. Nevada State is much lower than most of the states. The median rental price in the state is $1,550. Buying homes in Reno, Nevada is much cheaper than buying in Sacramento, California. There are various houses for sale in Reno, Nevada, and the prices are as estimated above.
· Utility Costs In Nevada
Utility costs in Nevada are much higher as compared to California. This is because of the climatic condition of the state. In Nevada, people run their ACs 6 to 8 months in a year. This means that one household will have to pay almost $100 per month as their bill. Individuals who live in Mc Mansion styled houses, are likely to pay lower prices to regulate temperatures in their homes.
· Transport Costs In Nevada
The average price of a gallon of gas in Nevada is $2.8, which is cheaper than that of California, as you will see later. Also, moving around the cities found in Nevada State is not expensive. Most of the transport fares around the towns range from between $1 to $2. The average price of auto insurance in the state is $985.39, which is a bit higher than that of the country, which is $889.01.
· Food Costs in Nevada
Food costs in Nevada State are affordable as the average cost of the state hovers around the national average cost. A gallon of milk in Nevada costs $3.4, and a dozen of eggs is $2.35. This is just an estimate of the food prices in the state.
Cost Of Living in California
California State is a home of both the richest and poorest people in the country. This means that the cost of living in the counties varies depending on the location and economic state of the county. The capital city of California State is Sacramento, which is one of the most amazing places you can reside in. Let’s look at the various aspects of living standards in California.
· Housing Costs in California
The costs of houses in California are higher as compared to Nevada. The price of homes in California is even higher than the average rental cost of homes in the country, which is $1,175. When you look at the median cost of homes in Sacramento is $355,030, which is higher than in other counties. Los Angeles has a median rental value of $1,752, which more elevated than the national average. This signifies that the cost of houses in California is expensive. Houses for sale in Sacramento are available, but they require you to commit yourself before purchasing one.
· Utility Costs in California
According to the U.S EIA (Energy Information Administration), residents of California pay relatively low bills for their utilities. The average monthly bill of Californians is $101.49%, which is lower than that of Nevada since, to them, that is the least amount you can pay. New Mexico pays the cheapest utility bills, while Hawaii pays the most expensive bills.
· Food Costs in California
MIT Living Wage Calculator states that an adult who has no children and he is living in California requires a wage of $30,392, that is before taxes. Out of this amount, 11% of it will be spent on food only. This means that food expenditure accounts for almost $3, 500. However, the cost of food varies in the state. For example, the average price of dozens of eggs in LA is 3.24 dollars, while in Fresno, it is 1.83 dollars.
· Transport Costs in California
California State has the best traffic and stretches of highways. According to the analytics of GasBuddy, the average of a gallon of regular gas is $4.09. Care insurance rates in California are higher than the national average, which is $ 1,457. In California, car owners pay an average premium of $1,846. There are various public transport options in the state, but they vary from one region to the other.
It is now evident that the cost of living between the two states varies depending on which segment you are talking about. Generally, when we talk about the cost of living between the two states, then life in California is more expensive than in Nevada. This is by considering the most vital sectors, housing cost. The cost of a house in Nevada is cheaper than that of a similar home in California. Otherwise, your area of residence in the state also matters. Some areas in Nevada are more expensive than some other regions in California. In the same way, some regions of California are cheaper to reside than some in Nevada.