There is a reason that California is an expensive place to live. Anaheim’s cost of living is 46 percent above the national average.
You can do many things to make living in Anaheim doable. The city has so much to offer besides the beautiful weather. Let’s take a look at the main expense categories to give you an idea of areas you may be able to save in Anaheim.
The median home value in Anaheim is $561,200, which has increased almost 7 percent from last year. Zillow estimates that home values will continue to rise this year by about 1 percent. As of February 2017, the average Anaheim apartment within city limits rents for $1,829. One-bedroom apartments average $1,657 a month and two-bedroom apartments rent for an average of $1,980.
Electricity use in California is lower than the national average due to the mild climate. California households use 30 percent less than the U.S. average. However, prices are about the same in California compared to the nation due to the prices in the state being higher. Most energy consumption is for appliances, electronics, and lighting. Consumers in Orange County, California paid 17.8 percent more for natural gas than the nation, and California residents paid 36.3 percent more for electric than the average rate of the country.
Food is also higher in Anaheim with a pound of ground beef averaging $4.49. Consumers typically pay around $2.69 for a gallon of milk, $10.99 for a 12-inch Pizza Hut pizza, and $2.19 for a dozen eggs.
Gas is also more expensive in Anaheim than the nation with the average price of $2.92 a gallon in Orange County compared to the national average of $2.30 in February 2017.
Retirees probably spend less because they no longer need to commute to work on a daily basis. Another cost saving factor is to have only one vehicle. Seniors can purchase a reduced public transportation pass for 30 days for $22.25.
The average annual auto insurance policy runs about $814.82 annually. The national average is about $866.31. Rates will vary based on your amount of coverage, driving record, type of vehicle, and how much you drive.
The cost of senior care is about the same as the national average for some facilities, and more expensive for other facilities. Assisted living facilities costs are higher in the Anaheim area averaging $48,000 annually, while the national average is $46,332. The national average price for nursing home care is $80,300 and $91,250 for semi-private rooms and private rooms respectively. In Anaheim, the average nursing home rates are significantly higher with averages of $92,800 and $149,450 respectively. Adult daycare and home health care services are only slightly greater than the national average.
When you begin planning your retirement budget, you can save money by shopping around for the best rates for insurance, utilities, housing, and food. Finding housing that is walking distance can also help you save money.
Find assisted living in Anaheim near you.