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A spate of new studies gives the lowdown on California’s sky-high living costs

California's median home price requires $221,000 income to qualify, over twice the median household income, fueling debt growth and migration to cheaper states, studies show.

We Californians know, or should know, that while living in this state has many positive aspects, we are paying through the nose for the experience. A flurry of recent studies drives home how deeply California residents must dig to meet costs of living that are either at or near the highest of any state. One comes from the Legislative Analyst’s Office, the Legislature’s advisor on the state budget, delving into the astronomic costs of buying a ho…

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Santa Monica Daily Press broke the news in on Monday, November 24, 2025.
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