Call or email us to get started on your search for your perfect home in San Diego. Weekly trips to the grocery store can add up, especially if food costs are high where you live. Comparatively, San Diego is better for small families and for those who want to make it big as it offers various job opportunities. Choosing the right mortgage can help make your home buying journey easier and more affordable. Where we really see the food and dining cost difference between the two cities is in the grocery bills. That translates to an annual pre-tax income of $92,280. Even with the higher grocery bills in San Francisco, cooking at home will always be the most economic (and usually healthiest!) To get the best mortgage loan, know how much you can afford and shop like the bargain hunter you are. Learn how the FHA streamline is for you. Do you want to put down 10.01%, have no mortgage insurance, get an unlimited loan amount, and have access to creative financing like interest only or a 40 year term? It takes longer to get around in San Francisco than it does in San Diego. Required fields are marked *. We know some think that they can buy a house without the services of a real estate agent. The BestPlaces.net comparison between the two cities ratesSan Diego at 279. the estimated difference in money purchasing power. The San Diego airport, while an international airport, is smaller than SFO. San Diego's 7 Best Places to Live in 2023 | 2024 (Trending), San Diego Housing Market Forecast for 2023 | 2024 (Updated), 5 San Diego Housing Predictions for 2023 | 2024 (Top Post), 5 (Hot) Up and Coming San Diego Neighborhoods in 2023 | 2024, San Diego Housing Bubble? TOP POST: San Diego Mortgage Rates: Trends, Predictions, & Forecasts in2023 | 2024. Additionally, San Fran has equally the same number of public and private schools. Detailed video and post reveals all. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Installation and purchasing the system is of course expensive, but in the long run, it all but abolishes monthly utility costs. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. Do not sell or share my personal information. San Francisco has a higher cost of living than San Diego. San Diego Zoo isranked #2in the Best Zoos in the US to Visit in 2021. Each home uses different amounts of electricity, gas, internet, etc. This information may be different than what you see when you visit a financial institution, service provider or specific products site. According to the latest BLS data, consumers average over $7,000 per year on food expenses. A ride on a San Diego trolley is $2 per ride on the San Diego Metropolitan Transit System (MTS) and the North County Transit District (NCTD). What are the best San Diego neighborhoods? Employers in San Diego, CA typically pay -14.0% less than employers in San Jose, CA. The same type of job in the same type of company in San Diego, CA will typically pay $51,593 . The public transportation systems in both cities are sound. California Department of Real Estate #01362400, 9 Reasons Why Nestor Imperial Beach is a Great Place to Live in 2023 | 2024, 9 Reasons Why Imperial Beach Village is a Great Place to Live in 2023 | 2024, San Diego Best Neighborhoods to Live (2023). Its clear people make more in San Francisco, which slightly offsets the higher cost of living. More than 77% of San Diego has a commute time of less than 30 minutes to or from work every day, and around 55% of San Francisco has a less than 30 minutes commute, meaning almost half the city is spending more than a half hour in their car in the morning and evening, just to get to work. 5 Reasons it Wont Crash in 2023 | 2024, San Diegos 10 Most Affordable Neighborhoods in 2023 | 2024, San Diegos 7 Wealthiest Neighborhoods in 2023 | 2024, San Diegos Best 5 Private Country Clubs in 2023 | 2024, Exposed: The 'Real' San Diego Cost of Living Guide 2023 | 2024, San Diego Conventional Home Loans - Purchase & Refinances (2023), San Diego Down Payment Assistance Programs - Rates, Terms, Limits (2023), San Diego FHA Home Loans - Purchase & Refinances (2023), San Diego First Time Home Buyer Programs - Rates, Terms, Limits (2023), San Diego Home Loans - Purchase & Refinances (2023), San Diego Home Possible Home Loans - Rates, Terms, Limits (2023), San Diego HomeReady Home Loans - Rates, Terms, Limits (2023), San Diego Jumbo Home Loans - Purchase & Refinances (2023), San Diego Low/No Down Home Loans - Rates, Terms, Limits (2023), San Diego Real Estate Market Statistics (2023), San Diego Real Estate Market: News, Trends, Forecasts (2023), San Diego USDA Home Loans - Purchase & Refinances (2023), San Diego VA Home Loans - Purchase & Refinances (2023). Public transit in San Francisco, CA will cost you around $91.00 per month. Southern California is the land of the best beaches, and San Diego has a claim to some great ones. Check out the website for San Francisco, California to find opportunities and activities in the new location like parks, beaches, museums, or playgrounds that kids will enjoy and look forward to visiting. San Francisco Municipal Transportation Agency, Los Angeles vs San Diego Living, Moving & Costs, San Diego vs Austin Living, Moving, and Costs, Los Angeles vs Austin Living, Moving, and Costs, Los Angeles vs Phoenix Living, Moving, and Costs, 10 Kansas City Nicknames (And How it Got Them), 10 St Louis Nicknames (And How it Got Them), 8 Top San Diego Nicknames (And How it Got Them), San Antonio Nicknames (And How it Got Them), 10 Nicknames for Portland Oregon (And Where They Come From). For example, the cost of an unlimited MetroCard in New York was obtained from theMTA website. You could eat out less, cut back on takeout and cook more often. Negotiating is one of our specialties. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. But even then, the price of groceries is going to significantly influence your cost of living. San Diego residents are more likely to own their property than those in San Francisco. This not only means less options, but small airports are notoriously expensive. Housing, grocery, and health costs average similar numbers as the rest of the Golden State. Finding you the best possible home and saving you thousands of dollars are what we do best. The average time for commuting in San Francisco is 44.56 minutes. San Fran, on the other hand, is the preferred city of single people who enjoy multicultural communities, mild climates, and diverse nightlife activities. A comparison between San Diego and San Francisco is pretty stark. Traffic and population go hand in hand. You may use this information only to identify properties you may be interested in investigating further. Message and data rates may apply. option. READ: 7 Reasons to Buy a Home in San Diego in2023 | 2024. That just makes it really costly to live in San Diego, said Dr. Save my name, email, and website in this browser for the next time I comment. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. But even then, the price of groceries is going to significantly influence your cost of living. The weather in San Francisco is ideal. The weather, traffic, time of year, day of week and if there are accidents, can all impact your commute time. Prices for goods and services in San Diego and San Francisco are partly crowdsourced by our visitors, just like yourself. VISIT: 7 Best Places to Live in San Diego for Millennials in2023 | 2024. In short, both cities were shaped by Latino culture and as such, are always bustling with life and delicious dishes. According to the council, C2ER produces the Cost of Living Index to provide a useful and reasonably accurate measure of living cost differences among urban areas. Thats crazy, even by California standards. We will close the comparison by saying that even though we firmly believe that San Diego has the edge, both metropolitan areas have attractions that make them stand out. San Diego is the least affordable region in the country in terms of housing prices. The average commute time in San Diego is 23.97 minutes compared to San Franciscos 32.85 minutes. Plan on spending more on gas and auto expenses if you move to San Francisco, California, resulting in a higher. The average commute time in San Francisco is about 30 minutes, and in San Diego, about 20. As for the average SAT test scores, San Diegos range from 1270 to 1480, while San Fran is roughly 1233. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. The time you spend commuting is time you do not have to do other things, so it is valuable. The cost of living in San Diego, CA is -27.5% lower than in San Francisco, CA. With the plethora of sunny days, this proves to be both eco-friendly, and an economic endeavor for the homeowner. San Fran offers employment to both the white and blue collars of society. The citys key industries include financial services, tourism, and technology. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. Theres also maintenance, upgrades, taxes and fees to take into account when deciding where to live. San Francisco has a little bit more than half the population of San Diego, with about 860,000 residents compared to San Diego, with over 1,400,000 people. As the average cost of a one-bedroom apartment in San Francisco is $2,307, your monthly income $7,690 to live comfortably in San Francisco. We have been in the real estate market here in San Diego for years, and we know the metropolitan area from Oceanside to Imperial Beach. The expenses that factor into cost of living can include housing affordability, transportation expenses, food prices and entertainment costs. According to the council, C2ER produces the Cost of Living Index to provide a useful and reasonably accurate measure of living cost differences among urban areas. While other resources provide basic cost comparisons. Plus, who wants to risk getting run over by a cable car anyway?! Dining out can get pricey anywhere you live, but on average, a dinner for two in San Diego will be about $75, and in San Francisco, about $80. Just like with food costs, you can curb how much you spend on entertainment by altering your behavior. Theaverage home pricein San Diego is a little bit over $800,000, and the average home price in San Francisco is just below $1,500,000. As of September 2022, the average cost of housing was 238% more expensive than the national average, according to RentCafe.com. While America watched the Tanner children of Full House grow up in one of San Franciscos famed Painted Lady Victorian homes, lets be honest, this isnt how most San Francisco residents live. TOP POST: Zillow San Diego: 5 Lies, Fraudulent and Deceitful Tactics Used in2023 | 2024. Whether you use a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live. In other parts of the country, income is lower, but housing prices are much lower, so they pay a lower portion of their income for housing, said Dr. We believe everyone should be able to make financial decisions with confidence. Take Advantage of What a Professional Can Do. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. So how do we make money? Thats a lot of money! Before you get the keys to your new home, you'll have to pay closing costs. Cost of living is also tied to income, as salary levels in a geographic area are measured against these expenses. All financial products, shopping products and services are presented without warranty. Use the link below to embed the infographic from our site and automatically keep the data layer up to date. Cost of living is the amount of money you need to sustain a certain lifestyle in a given place. But the sales tax is more than an entire percentage point higher in San Francisco, which really adds up when you ring up a bill and see how much more expensive it was than you were expecting. OK92033) Property & Casualty Licenses, NerdWallet | 55 Hawthorne St. - 11th Floor, San Francisco, CA 94105. Last but not least, how are you going to pay for all the above? And it adds up. Prices and comparisons for the whole range of expenses: food, housing, going out, etc. Getting to work is important. DID YOU KNOW? When evaluating offers, please review the financial institutions Terms and Conditions. Walkability and public transit scores were obtained from, Monthly bus pass costs were obtained from the individual websites of the public transit system for each city. This information is deemed reliable but not guaranteed. The cost of a bus ride on an MTS bus for Adult/Youth is $2.50. Health related expenses are 6.1% more in San Diego. There is an old saying that the worst thing a person can do in a court of law is represent themselves. Though fluctuating, gas prices in both cities are pretty equivalent, but wear and tear on your car will probably be higher in San Francisco, just due to the greater amount of time spent on the road. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. This consent applies even if you are on a corporate, state or national Do Not Call list. Cost of Living in Hawaii vs. San Diego, CA - 2023 Peter Kay 2023-04-27T03:46:10-10:00 What is Hawaii's Cost of Living vs. San Diego? NerdWallets cost of living calculator is powered by data from The Council for Community and Economic Research (C2ER). READ: 9 Best Places for Families to Live in San Diego in2023 | 2024, Transportation overall is less expensive in San Diego. Private school data was obtained from the Department of Education, and average private tuition was compiled by averaging tuition across randomly selected schools in each city. A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. A movie ticket, a pint of beer, box seats at a baseball game they can all come with a different price tag depending upon where you live. Factor in too, that the collective tax burden in San Fran currently stands at 8.63%, including state tax. While other resources provide basic cost comparisons,NerdWallets cost of living calculatorand accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. San Diego, on the other hand, due to its military influence, derives its money from other sectors, such as defense, tourism, and international trade. Employers in San Francisco, CA typically pay 15.8% more than employeers in San Diego, CA. A four-bedroom house in either will cost considerably more than what you would pay in Dayton, Ohio. Sometimes you can get discount tickets on line. Learn how to put down just 3.5%, get a home loan up to $977,500, even if you don't have "perfect" credit Do you have an FHA home loan now, want to skip a payment (or two), lower your interest rate, and save $$ on monthly payments? Cities ranked 63rd and 4th ($2884 vs $3507) in the list of the most expensive cities in the world and ranked 1st and 2nd in China and the United States, respectively. Children, who dont have the maturity, independence, and understanding of a parent may be even more sensitive to a move. California already imparts a 7.25% sales tax anywhere in the state. Due to the plethora of state taxes, local taxes, jurisdictions and assessment procedures involved in the assessment of income, property and sales taxes, local tax rates cannot be accurately calculated. We gave San Francisco its props, to be fair, and because we know there is one significant advantage we have over San Francisco: San Francisco is too darn expensive to live in! Add to that our high housing costs, and now youve got the electricity and high gas on top of that, its really tough for people, particularly at the low end of the income distribution to keep up with those rising costs.. As a result, youll find that traffic congestion is more likely to happen in San Fran than they would in San Diego. Energy costs in San Francisco,CA are generally going up. This information may be different than what you see when you visit a financial institution, service provider or specific products site. Current cityIf you can't find a city, you can type the state name to see all cities available in that state. According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. San Francisco has a higher cost of living than San Diego. Our partners cannot pay us to guarantee favorable reviews of their products or services. San Diego is one of the least affordable areas in the country where housing, gas prices, utilities, and other costs are a concern. San Diego, for instance, is known for its San Diego Metropolitan Transit System. San Diego, CA area prices were up 2.6% from a year ago. You can pick and choose the best gym for you, some are more barebones, some are almost spa-like. According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. Highlights. Learn More: 11 Reasons to move to San Diego. READ: San Diego vs. San Jose: Which California City is Best in 2023 | 2024? If you live on a $100,000 income in San Diego, you'd need to make $142,610 in San Francisco. But the sales tax is more than an entire percentage point higher in San Francisco, which really adds up when you ring up a bill and see how much more expensive it was than you were expecting. It is comprised of nearly 100,000 data points gathered primarily by C2ER members located in 400 cities.. There are ways to trim that down. A trolley car ride in Frisco is$2.25 per ride. Lets get real: San Francisco residents will be in nursing homes before we are in San Diego, provided they live that long. Related Article: San Francisco vs. Seattle. While other resources provide basic cost comparisons,NerdWallets cost of living calculatorand accompanying city life tool go one step further by offering information on schools, quality of life and demographics, giving users a one-stop shop to explore new cities. One of most important determinations you need to make before moving to a new city or town is how much it will cost to live there. San Diego, CA New city San Francisco, CA Pre-tax household income To maintain your standard of living in San Francisco, CA, you'll need a household income of: $64,369 The cost of. San Diego, California's cost of living is 44% higher than the national average. All financial products, shopping products and services are presented without warranty. Cost of Living in San Rafael, California: 18.32 miles: Cost of Living in San Mateo, California: 21.47 miles: Cost of Living in Belmont, California: 24.19 miles: Cost of Living in Walnut Creek, California: 24.48 miles: Cost of Living in Redwood City, California: 26.16 miles: Cost of Living in Hayward, California: 26.70 miles This is only $1,900 more per year than the nationwide average of $66,665/year, yet the cost of living in San Diego is 44% higher than the national average. 2023 Compare Cities Cost of Living: San Diego, CA vs San Francisco, CA Change Cities Highlights San Francisco is 52.1% more expensive than San Diego. We can sit down and talk about real estate and plan your adventure into the San Diego housing market. Since there are football, baseball, basketball, hockey teams, you can go to a lot of games. Adults find that moving can sometimes be an emotional and stressful experience. - People are 10.9% more likely to be married in San Diego. San Francisco is a little more mild than San Diego thanks to the hills that surround it and give it an insular climate. Jason Dempsey is the CEO and Co-Founder of Home City Living. (Take that, Frisco!). VISIT: San Diegos 4 Safest (and Least Crime Ridden) Places to Live in2023 | 2024. Its fun to compare hometowns, and people in San Diego dont mind contrasting what Americas Finest City has to offer against any other metropolitan area in the United States. When evaluating offers, please review the financial institutions Terms and Conditions. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. 2 in the U.S. for public transportation quality. Unless youre lucky enough to work from home, you will need to factor in transportation costs when deciding where to live. The cost of living in San Fran can be quite high, but thats only due to its booming economy and variety of job opportunities.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'homecityliving_com-mobile-leaderboard-1','ezslot_15',109,'0','0'])};__ez_fad_position('div-gpt-ad-homecityliving_com-mobile-leaderboard-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'homecityliving_com-mobile-leaderboard-1','ezslot_16',109,'0','1'])};__ez_fad_position('div-gpt-ad-homecityliving_com-mobile-leaderboard-1-0_1');.mobile-leaderboard-1-multi-109{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:15px!important;margin-left:auto!important;margin-right:auto!important;margin-top:15px!important;max-width:100%!important;min-height:600px;padding:0;text-align:center!important}. However, these amateurs lose money in other places. San Francisco is fortunately not as bad as Los Angeles. This is only $1,900 more per year than the nationwide average of, San Diegans pay higher % of income on housing than in SF, If you would like to do your own cost of living comparison using your own salary, you can use this, Man killed at house party in East County was previously sentenced for murder, Cloudy and cool week ahead with rain chances peaking on Thursday, San Diego gas prices hit another record high Sunday, Of the best states to live in, California is #48, San Diego sets record for county's highest gas price in history. Both San Francisco and San Diego have wonderful dining options and cuisine. - Median Home Cost is 48% more expensive in San Francisco. Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. San Francisco, California going out to eat at a restaurant and buying food is considered to be affordable. If you fly often for work or pleasure, especially internationally, San Francisco offers a lot of options for affordable flights. San Diego has a sales tax of 7.75%, and San Francisco sales tax is 8.5%. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Mortgage preapproval is the smartest hack to homebuying and among the most misunderstood. Here's what lenders want before they'll preapprove you for a home loan. , a nationwide ratings system that evaluates schools based on performance on state achievement tests. Simply put, San Diego has fewer traffic jams than San Fran, making it easier to get around the city by car. You have to remember that once the deal is struck and the closing papers are signed, you own the house warts and all. San Diego has a sales tax of 7.75%, and San Francisco sales tax is 8.5%. You would have to earn a salary of $43,520 to maintain your current standard of living. Get matched with a top agent in your area. Its wildly expensive to rent or own in San Francisco, with the median home price being around $1,405,000 (according to Zillow.) Fill out our form here & well schedule a call with you! A final slam we would like to point out is that San Francisco may think it is hipper and more exciting, but San Diego is more youthful and vibrant.
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