Cost of living in Pacific Palisades
Pacific Palisades, located in California, is known for its stunning coastal views and affluent lifestyle. Understanding the cost of living in this area is crucial for potential residents and those planning to relocate.
This guide provides a detailed breakdown of expenses in Pacific Palisades, covering essential categories such as dining, groceries, transportation, housing, and utilities.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $26 on average, with a range between $20 and $40.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $90, with prices ranging from $60 to $150.
- 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 $3 to $12, imported beer $6 to $9, cappuccino $3 to $6, and Coke/Pepsi $2 to $4.
Grocery Prices
- Milk - Milk is priced between $0.92 and $2.64 per liter, averaging $1.44.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $3.31 and $6.61, with an average price of $4.44.
- Eggs (Dozen) - A dozen eggs range from $2.5 to $6, averaging $4.71.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $8.82 per kg, while oranges range from $4.39 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $2.18 and $4.41 per kg, and lettuce costs $1.5 to $3 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.19 and $1.32 per liter.
- Taxi Fares - Taxi fares start at $3, with a cost of $0.93 to $1.86 per km and $15 to $60 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $27,680 and $30,000, while a Toyota Corolla ranges from $24,000 to $35,000.
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 $114.75 and $548.96, averaging $280.62.
- Internet - Internet services range from $50 to $150, with an average cost of $75.12.
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"
Pacific Palisades offers a luxurious lifestyle with a high cost of living, particularly in dining and utilities.
While housing costs are not detailed, the area is known for its premium real estate market.
Transportation costs are moderate, with gasoline prices and taxi fares reflecting typical urban rates.
Conclusion
Living in Pacific Palisades, CA, comes with a premium price tag, reflecting its status as a desirable coastal community.
Prospective residents should be prepared for higher expenses in dining and utilities, while transportation costs remain manageable.
Overall, Pacific Palisades offers a high-quality lifestyle for those who can afford its costs.