Known as the "Salad Bowl of the World" Salinas, CA was just ranked as the 7th most expensive U.S. City to live in. According to a new U.S. News & World Report, the list places Salinas just behind San Fransisco and ahead of New York City.
The U.S. News & World Report list ranks the cities by comparing "how comfortably the average resident of each metro area can afford to live within their means" and involves weighing income against housing costs for renters and homeowners.
The median home in Salinas costs $925,458, residents have an average salary of $56,350, and the monthly median rent is $1,718. While in San Francisco, the median home costs $1,122,946 and the average salary is $86,590, according to the report. So while the actual cost of living in Salinas may be significantly lower than in San Francisco, the city's average annual income, median home price, and median monthly rent are comparable.
Of the 25 cities ranked, California cities took seven of the top 10 spots on the list, with San Diego ranked 1st and Los Angeles ranked 2nd most expensive. California's city's rankings:
Comments