Do you think the central coast is expensive to live?
Let me know at gkucer@topproducer.com
When you look at the numbers and analyze the data, it would take a household earning $100,000 a year to afford a 3 bed 2 bath selling currently around $400,000 in San Luis Obispo.
The breakdown is
30 year fixed $1614/month
Property Taxes $376/month
Home Owners Insurance $150/month
Utilities $375/month
Optimal housing income of 30% of gross income equates to approx $100,600 year needed. Far above the average wage earner in SLO.
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