Temecula California Cost of Living 2025 - Is It Affordable?

In this video we are going to discuss the costs to live here in Temecula CA - the costs to own, costs to rent - alot of the data is from the MLS, LivingCost.org and Zumper.com

1. what makes it expensive to live here is the price of homes     

• - average price of a home in the US is $419K

• - average price of a home in the Temecula Valley is  $850K

• -when you compare the costs of a home here to the San Diego area that is $890,000

• -orange county is $1.4M

• -LA county is $973K

2)    Renting

1. renting has gone crazy here the last few years  -

2. if you are going to rent a 3 bedroom home, the average price is $3,200 and a 4 bedroom home is $4,200

3. there are areas that are cheaper and some that are more expensive

3) Utilities

1. Electricity: Approximately $177.79 per month. ​BestPlaces

2. Water and Trash Services: Combined, these services typically cost between $60 and $100 per month. ​Exploring Temecula

3. Natural Gas: The average cost is around $12.46 per 1,000 cubic feet

4. Internet: $90-$90

4) Commute -

1. the average person that lives here does make a commute to SD or Orange County and they expect to pay $ 4.50 per gallon

2. The average commute time is 35 minutes

5) costs to eat -

1. average costs for a meal out at a nice restaurant is $100  for a group of 4 and that averages out to about $25 per person

6) grocery expenses

1. are about average for the US

7) income taxes are higher in CA  -

1. there is a sunshine tax - about 13% state income tax

8) overall cost of living in Temecula vs the rest of CA is slightly lower 

9) medium income household income for Temecula is $115K