In San Diego, services such as electricity, water, garbage collection, gas, cable and Internet increased by 1.4% over the past year, and some experts say that number will increase by 1.1% this year. Obviously, if you spend a lot of time eating at fancy restaurants and visiting trendy cocktail bars, you'll need a higher salary to live in San Diego than someone who lives a more frugal lifestyle. San Diego has an excellent public transportation system, with monthly transportation costs that vary based on travel frequency, distance traveled, travel time, and mode of transportation. While San Diego is the fourteenth most expensive city in the United States, the City of Los Angeles easily surpasses it in eighth place.
San Diego residents spend 13.3% of their household budget on food, slightly above the national average at 12.9%. If you've already saved a deposit to buy a home in San Diego, the next step is to contact a local, full-service real estate agent. Keep reading to find out how San Diego compares to other expensive cities and if your current salary will be enough to live a comfortable life in “America's Best City.” The salary required to manage the cost of living in San Diego will depend on your savings goals, recreational expenses, and living conditions. San Diego's sales tax rate is currently 7.75%, combining municipal sales tax and county state taxes.
When it comes time to file taxes, San Diego residents should consider a statewide base sales tax rate of 7.25%, in addition to their marginal federal income tax rate. On the upside, the effective average property tax rate in San Diego is only 0.76%, which is below the national average of 1.1%. From families and couples to singles and young professionals, San Diego leaves its mark on anyone who lives here. With its idyllic beaches, family reputation, and mild, sunny weather, it should come as no surprise that San Diego is quite a popular destination for prospective homeowners.
To give you a better idea of how much of this salary you'll have to spend on specific living expenses, we've put together the following guide to living costs in San Diego (which also gives you an idea of the cost of living in California). To help jumpstart the research process, we have developed the following guide to housing and living costs in San Diego.