Cost of living in Malibu
Malibu, CA, is renowned for its stunning beaches and luxurious lifestyle. Understanding the cost of living in this iconic city is crucial for potential residents and visitors alike.
This guide provides a detailed breakdown of expenses, from dining and groceries to housing and transportation, offering a comprehensive view of what it takes to live in Malibu.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $25 on average, with a range between $16 and $50.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $100, with prices ranging from $75 to $200.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $15, with a range between $12 and $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $10, imported beer $8 to $12, cappuccino $6 to $7.5, and Coke/Pepsi $2.5 to $4.
Grocery Prices
- Milk - Milk is priced between $0.92 and $1.59 per liter, averaging $1.31.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $3.31 and $6.61, with an average price of $4.59.
- Eggs (Dozen) - A dozen eggs range from $2.99 to $8, averaging $5.08.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.41 to $8.82 per kg, while oranges range from $1.96 to $11.02 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $4.41 and $11 per kg, and lettuce costs $2.99 to $5 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.21 and $1.45 per liter.
- Taxi Fares - Taxi fares start at $2.99, with a cost of $4.35 per km and $32 to $70 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $36,753.89 and $45,665, while a Toyota Corolla ranges from $25,000 to $32,149.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre is not specified in the data provided.
- 1-Bedroom Apartment Rent (Outside Centre) - Rent for a 1-bedroom apartment outside the city centre is not specified in the data provided.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre is not specified in the data provided.
- Buying Price per Square Meter (Outside Centre) - The price per square meter to buy an apartment outside the city centre is not specified in the data provided.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $150 and $200, averaging $177.77.
- Internet - Internet services range from $70 to $112, with an average cost of $92.15.
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
Restaurants
Restaurants
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Transportation
Transportation
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Malibu's cost of living is notably high, with dining and grocery prices reflecting its upscale reputation.
Transportation costs are significant, especially for those considering car purchases.
Utilities are moderately priced, but housing costs are not detailed, suggesting a need for further research for potential residents.
Conclusion
Living in Malibu, CA, offers a luxurious lifestyle with corresponding costs. While dining and transportation are expensive, utilities remain moderate.
Prospective residents should prepare for high expenses, particularly in dining and transportation, and seek additional information on housing costs.