The cost of living in Temecula is higher than the national average, at 142.6. The typical price of a two-bedroom, two-bathroom house in Temecula is $550,000. In comparison, the average cost of housing in California is $208,000. Health care and groceries are the highest costs in Temecula, with the latter two categories coming in at 106.7 percent higher than the former. A typical household makes $78,535 a year, which is about $8,000 more expensive than the national median.
The cost of living in Temecula is 18% lower than the state average. This is largely due to the region’s temperate climate, with temperatures ranging from 67degF in July to a low of 44degF in December. The median home price is $485,400, which is significantly lower than the state average of $561,325. Rent is generally higher than the national average, at $1,760 per month, or $21,120 a year.
The cost of living in Temecula is slightly higher than the national average. The average apartment in Temecula is 918 square feet, but this varies considerably depending on the type of unit. Studio apartments are the smallest and most affordable, while one-bedroom apartments offer more space than two-bedrooms. The number of renter-occupied households in Temecula is 6,614, while 27,333 households are owner-occupied.
The cost of child care adds thousands to annual spending. Children in Temecula cost $12,952 per year, which is $1,900 less than the state average. Another major expense is food. According to the U.S. Department of Agriculture, food costs vary by neighborhood. For example, children live in a city with low child care costs, but if you have three children in Temecula, you can expect to pay an average of $15,853 per year.
The property tax in Temecula is a mere 0.968% of the assessed value of a home. If you are planning to live in Temecula for the rest of your life, you should also consider the cost of taxes in the city. In general, the cost of living in Temecula is lower than that in the LA area, which has a high cost of housing. While a house in Temecula is cheaper than its LA counterpart, there are still some differences between the two cities. The cost of moving can be more expensive if you need a truck or trailer, but there are plenty of moving companies available to help you.
The cost of housing in Temecula is 3.4 times the national median household income. The area has a thriving cultural scene and sandy beaches. Besides, the city is close to the San Diego coast, so residents can travel easily. A commute to work from home is possible, but the city’s 58-mile-long distance is prohibitive. The median home value in Temecula is $518,000.