Cost of living in Rancho Palos Verdes
Rancho Palos Verdes, located in California, is known for its scenic views and affluent lifestyle. 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 expenses, including housing, dining, groceries, transportation, and utilities, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $18 on average, with a range between $12 and $35.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $70, with prices ranging from $50 to $90.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $12, with a range between $12 and $16.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $20, imported beer $5 to $10, cappuccino $3.25 to $10, and Coke/Pepsi $2.25 to $4.
Grocery Prices
- Milk - Milk is priced between $0.92 and $1.32 per liter, averaging $1.09.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.42 and $4.41, with an average price of $3.97.
- Eggs (Dozen) - A dozen eggs range from $2.99 to $3.75, averaging $3.41.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.76 to $6.59 per kg, while oranges range from $1.76 to $8.82 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.1 and $11.02 per kg, and lettuce costs $0.99 to $3 per head.
Transportation
- Fuel (Gasoline) - Gasoline is priced between $1.19 and $1.32 per liter.
- Taxi Fares - Taxi fares start at $6.25, with a cost of $0 per km and $0 per hour of waiting.
- Car Purchase - A new Volkswagen Golf costs between $23,200 and $36,753.89, while a Toyota Corolla ranges from $21,500 to $35,000.
Housing Costs
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $8072.93.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $500, averaging $289.48.
- Internet - Internet services range from $50 to $85, with an average cost of $62.33.
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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Markets
Transportation
Transportation
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Rancho Palos Verdes offers a high cost of living, particularly in housing and dining. While groceries and utilities are relatively moderate, transportation costs can vary significantly.
Potential residents should budget carefully, especially for housing and dining, to manage expenses effectively.
Conclusion
In conclusion, Rancho Palos Verdes is an attractive but expensive place to live, with high costs in housing and dining.
Prospective residents should consider these factors and plan their finances accordingly to enjoy the city's amenities without financial strain.