Cost of living in Redondo Beach
Redondo Beach, located in the sunny state of California, is known for its beautiful beaches and vibrant community. Understanding the cost of living in this coastal city is crucial for anyone considering a move or planning a visit.
This guide provides a detailed breakdown of the expenses you can expect, from dining and groceries to housing and transportation, 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 $19 on average, with a range between $12 and $30.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $82.5, 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 $15.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $9, imported beer $5 to $10, cappuccino $3.25 to $8, and Coke/Pepsi $2.25 to $4.
Grocery Prices
- Milk - Milk is priced between $0.92 and $1.45 per liter, averaging $1.09.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.42 and $4.91, with an average price of $3.97.
- Eggs (Dozen) - A dozen eggs range from $2.99 to $4, averaging $3.46.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.76 to $7.72 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 $1.52 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
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $2500 to $3500, averaging $3166.67.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $2250 to $3500, averaging $2750.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $3800 to $7000, averaging $5016.67.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $3250 to $6000, averaging $4350.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $7534.74.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $6458.35.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $100 and $200, averaging $200.
- Internet - Internet services range from $50 to $72, 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
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"Key Takeaways"
Redondo Beach offers a high cost of living, particularly in housing and dining. Rent prices are significantly high, especially in the city centre.
Grocery prices are moderate, with some variability in fresh produce costs. Transportation costs are manageable, with gasoline prices being relatively stable.
Utilities and internet services are reasonably priced, but overall expenses can add up quickly, making budgeting essential for residents.
Conclusion
In conclusion, Redondo Beach presents a vibrant lifestyle with its coastal charm, but it comes with a high cost of living.
Prospective residents should be prepared for substantial housing expenses and consider budgeting carefully to manage other living costs effectively.