About the State Of California

The Golden State is a vast and varied state with a high population. Demand for housing and jobs runs high. There is opportunities in California to do well, but for every success there are ten others who are just making it by. For most people living in the state it is the climate and diversity that makes it worth the high cost of living to remain there. No matter what you desire the chances are California has it. Jobs range from arts and entrainment through high-tech development. There are agricultural and urban service employment opportunities and everything in between.

The state also offers a wide range of educational and recreational activities. It is one of the few states that offers both mountains and beaches, inland lakes and deserts, vast forests and hidden geological wonders. This ranges from the state run Big Sur area on the central coast with redwoods that sometimes go all the way to the beach to the national parks of Yosemite and Kings Canyon. With a long history there are many cultural and historical sites to take in that offer the chance for season work as well.

How Rents Compare to the National Average and Nearby States

California is not a cheap place to live, although one can find hidden deals if they are careful. There are some locations like San Francisco that are very costly to live in and it is those places that make the averages in the state so high. That said, the national average is about fifty percent below what you might pay on average in California. Other states in the region typically fall below this state in cost of living. Here are the average two bedroom apartment rents for the month of May in 2011: California Apartments, $1,405; Washington, $1,011; Oregon, $848; Wyoming, $829; Nevada, $806; Utah, $794; Arizona, $785; Idaho, $641. While the most expensive state in the region there are many who live there who contend the cost is well worth it.

Current Rents and Past Trends for Apartments in California

Apartment prices in California typically will cost you a pretty penny. Studio apartments are offered across the state with an average price of $1,092. One bedroom apartments typically are about 40-50 dollars higher, with an average rental rate of $1,138. Two bedroom California apartments run nearly four-hundred and fifty dollars higher ($443 to be exact) then the national average and for May of 2011 hit the range of $1,405. Three bedrooms are about $1,779 in cost one average in the Golden State.

From December to May one can track how much two bedroom California apartments have been rented for. This aids in deciding if one should lock in a lease or rent month to month. Here are the figures in question: December, $1,381; January, $1360; February, $1381; March, $1400; April, $1406; May, $1405. As you can see there has been a very consistent and even creep upwards on prices for apartment rentals in California. It is therefor suggested that renters seek to lock in their rates with long term leases.

Author Bio: When considering the value of housing in California look at both the average income for the specific area and the average costs of California apartments. The Golden State is not a cheap place to live but it does have a lot of reasons that make it a desirable place to live.

Category: Real Estate
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