Cost of living in Inverness
Inverness, CA, offers a unique living experience with its picturesque landscapes and serene environment. Understanding the cost of living in this city is crucial for potential residents and those planning to relocate.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to transportation and housing, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $30 on average, with a range between $20 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $147.5, with prices ranging from $80 to $170.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $10 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $7 to $9, imported beer $8 to $11, cappuccino $4 to $6, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.79 and $2.11 per liter, averaging $1.47.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $3.99 and $6.06, with an average price of $5.22.
- Eggs (Dozen) - A dozen eggs range from $3 to $7, averaging $5.5.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.41 to $13.21 per kg, while oranges range from $3.31 to $9.37 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.2 and $6.59 per kg, and lettuce costs $2 to $2.65 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.18 and $1.59 per liter.
- Taxi Fares - Taxi fares start at $3.5, with a cost of $2.4 to $3.73 per km and $40 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $23,536 and $36,753.89, while a Toyota Corolla is priced around $25,791 to $26,000.
Housing Costs
- Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child - The cost for private preschool is approximately $2,738.89 per month, ranging from $2,400 to $2,808.33.
- International Primary School, Yearly for 1 Child - Yearly tuition for international primary school is fixed at $37,770.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $200 and $463.64, averaging $349.97.
- Internet - Internet services range from $45 to $84, with an average cost of $60.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
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"Key Takeaways"
Inverness, CA, presents a relatively high cost of living, particularly in dining and housing. The prices for dining out and groceries are above average, reflecting the city's premium lifestyle.
Transportation costs are moderate, with gasoline prices being reasonable, but car purchases can be a significant expense.
Utilities and internet services are priced moderately, but childcare and education costs are notably high, which is an important consideration for families.
Conclusion
Overall, Inverness, CA, offers a high-quality living environment with a cost of living that reflects its desirability and exclusivity.
Prospective residents should be prepared for higher expenses in dining, housing, and education, but can enjoy the benefits of living in a beautiful and serene location.