U.S. News & World Report ranks San Diego as the most expensive place to live in the country.
A national report says San Diego is the most expensive place to live in the U.S. KPBS reporter Melissa Mae talked with an expert about the reasons why.by U.S. News and World Report. It also said San Diego tops the list, because it requires the most wealth to live comfortably., the average income for San Diegans is about $70,000 a year. But realistically, he said, to buy a house here you need to make about $180,000 a year.
The cost is significantly higher than the national median sale price, which researchers at the Federal Reserve put at $431,000., San Diego’s 4.7% overall inflation rate was a full point higher than the national rate. Over the last year, the cost of food has gone up by 3% and energy prices are up nearly 7%.On top of the high cost of living, Powell says there’s not a lot of room to build new properties.“We ...
“An ADU is a way to take a little bit of relief from the housing build. So you allow someone to build a house on their property," Powell continued,"so now you don’t have a residential one, you have two houses.” San Diego was not the only city in California to make the list. Seven out of the top 10 most expensive cities were in the Golden State.As a freelance reporter, I cover a wide variety of stories. One day I may cover the current COVID-19 situation and the next day my story may be about a San Diego landmark. With a background in sports broadcasting, any time I get to cover a sports story is an added bonus! I love covering stories about the place I am lucky enough to call home, San Diego.
This year KPBS is hosting a digital community ofrenda or altar, where you can submit a memory celebrating a loved one who has passed away. KPBS will publish the altar with all of the submissions on Oct. 28 to begin a weeklong celebration.
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Report names San Diego the most expensive place to live in the USThe City of San Diego recently took the No. 1 spot on the U.S. News & World Report's list of the Most Expensive Places to Live in the U.S. in 2023-2024. Here's…
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