Los Angeles is 8.2% more expensive than San Diego. Housing costs in Los Angeles are 6.8% more expensive than housing costs in San Diego. Real estate company Zumper, which tracks rental prices and trends in North America, released new data Tuesday comparing average rental prices for one-bedroom homes in several major United States. The typical Los Angeles mortgage can consume 52.01% of income, while the San Diego mortgage only takes 38.37% out of your paycheck.
San Diego has everything you need, and the price in many cases is substantially lower than what you'll find in Los Angeles. The average after-tax salary is enough to cover living expenses for 2.2 months in Los Angeles, compared to 2.2 months in San Diego. We want to add some final figures to seal the argument in favor of buying a house in San Diego and not in Los Angeles. San Diego has a lot to brag about, and it's the kind of city where you can succeed professionally, enjoy a wonderful life and raise a fantastic family.
We admit that there is an opportunity in Los Angeles, but the same can be said for San Diego. Los Angeles's purchasing power ratio is 96.58, which is high, but San Diego's number of 111.15 is higher. When comparing the cost of living in San Diego with Los Angeles, the biggest surprise is transportation costs. Scott Taylor is a licensed mortgage loan originator, real estate agent and full-time investor in San Diego.
Obviously, a lot depends on your profession and industry, but living in San Diego means you could take home more money than if you lived in Los Angeles. It would require asking your Los Angeles-based employer if it would be a problem for you to work remotely from San Diego County. We believe that when all the pieces of the puzzle are put together, the cost of ownership, quality of life and other intangible assets are evaluated, it is difficult to move from San Diego to Los Angeles.