The cost of living in Orange County, California, is 54% higher than the national average. The cost of living in any area can vary based on factors such as your career, your average salary, and the housing market in that area. I planned to be in Orange County only for a few years. The journalistic constant in my 35 years has been the concern about the high cost of housing.
I have explored the debate in many ways, from data to politics to anecdotes. It may simply be a story of too success. My reliable spreadsheet tells me that for more than three decades, Orange County created 1.2% of the country's jobs, but only 0.7% of new homes. We invite you to use our feedback platform to participate in engaging conversations about our community issues.
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Read our Laguna Beach quality of life guide See other Laguna Beach homes for sale. The cost of living in Orange County, California, is 52 percent higher than the national average. The cost of living in any area can vary depending on factors such as your career, your average salary, and the housing market in that area. The Housing Cost of Living Index estimates that the cost of housing in Orange is 248.2% of the national average.
This makes it one of the most expensive cities in the U.S. UU. Census Bureau estimates that in Orange County there is a 69% chance that two random residents are of different ethnicities. There are many immigrants from all over the world and their demand for housing in Orange County is definitely one of the reasons Orange County is so expensive.
Orange County Milestone Marks Milestone Increase in Wealth, at Least on Paper, for Local Homeowners. Irvine, one of Orange County's largest cities, has consistently been ranked the #1 safest big city in the United States for 9 consecutive years by CNN. Thornberg said Orange County and the rest of Southern California are relatively cheap compared to other major metropolises in the world. Not only is it a great place for families, but many Orange County residents return to their homes just to give their children a safe place to grow up.
There are tons of companies here, including but not limited to Disneyland, Ingram Micro, Boeing, Broadcom, Blizzard, Quicksilver, not to mention many foreign companies are based in Orange County. Since Chinese buyers are buying Los Angeles, the next place they are spreading to is Orange County, and they definitely don't complain because there is already a large Chinese population here with a lot of markets and not as much trouble adapting to the United States as in other counties. Investors are also devouring more homes to sell or rent, accounting for about a quarter of home sales in Southern California. To find out which is the most expensive city in Orange County, we have considered average home prices, as well as the price per square meter.
If you want to raise your family in a safe place, there is no other place to be other than Southern California. This is one of the reasons you'll see so many families at any time in Orange County. While home prices were lower during the housing bubble of the early 2000s, more Orange County residents can afford a purchase today, a reflection of rising incomes and lower mortgage rates. .
