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People who live in the San Diego, Carlsbad, and Chula Vista area spend 4.1 percent more on utilities and other monthly expenses than the average Californian, according to an online bill payment service.
DoxoInsights, a Seattle-based company, reports that residents of these cities pay an average of $ 2,668 a month for common household expenses like electricity, rent, mortgages, cell phones, and internet.
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Those total costs devour almost 41 percent of the region’s average household income, which takes into account average household income and the 10 most frequently paid bills and utilities, according to Doxo data.
The San Diego area has the seventh highest monthly spending cost in the state and ranks 13th nationwide.
Data shows that households in the San Jose-Sunnyvale-Santa Clara area have the highest spending in California – they pay an average of $ 3,151 per month, 67 percent more than the national average of $ 1,889.
The San Francisco-Oakland-Berkeley region ranks second, with households paying $ 3,080 per month, about 35 percent of the median income and 63 percent more than the national average.
Los Angeles, Long Beach, and Anaheim residents pay around $ 2,750 each month, ranking sixth ahead of the cities of San Diego.
San Diego, along with most of the country, saw a spike in home costs during the coronavirus pandemic, which peaked in the summer months.
Local home prices were up nearly 30 percent year-over-year in July, according to a September report by the S&P CoreLogic Case-Shiller Indices. It was the second fastest price hike in the country.
CoreLogic reported that average home prices in San Diego peaked at $ 749,750 in June, an all-time high.
The average home price in San Diego County fell over the next two months, but rose to $ 740,000 last month as the number of homes for sale fell sharply. Real estate analysts assume that they do not expect a significant decline in the foreseeable future.
Stately, doxo reports, California’s housing bills continue to drive state spending higher than usual, and so does San Diego.
The average mortgage for households in San Diego, Chula Vista, and Carlsbad is $ 2,468 – almost double the national average of $ 1,279.
Doxo, an online service that allows members to aggregate and manage bills on one platform, also reports that San Diego residents spend about $ 1,678 on rent. Nationwide, the median rent is about $ 600 lower.
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