Hi, I’m Warren Oberholser. I’m a realtor in the East Bay Tri-Valley area in Northern California. My goal is to help both buyers and sellers get maximum results for one of their biggest investments, their home.
Alamo, California’s ‘cost of living. We’ve got a lot to talk about!
If you’d like to know more general information on Alamo, please watch my ‘Pros and cons for Alamo, California‘.
The stats and information I’m going to share with you come from bestplaces.net.
What I’m going to do in this BLOG is show you how Alamo’s cost of living rates to the national average.
Then, as I have with my other cost of living BLOG, I’m going to do a bit of a deep dive by comparing Alamo’s cost of living to two other cities, Menlo Park and Concord. These cities are about 11 to 40 miles apart from Alamo. However, you’ll be surprised by the difference in their cost of living.
The cost of living is based on the US average of a hundred.
For example, if the category is groceries and Alamo’s number is 118.7, then this means Alamo is 18.7% higher than that particular category compared to the national average.
Let’s look at Alamo’s cost of living and compare that to the national average.
Overall, Alamo’s cost of living is 316.7 compared to the national average and 149.9 compared to California, which means it’s approximately 217% higher than the national average and 50% higher than California.
I’m now going to break this down to categories so we can see which area or areas is causing Alamo’s cost of living to be so much higher than the national average. You have groceries. As I said, it’s 118.7. Healthcare is 109.3, utilities are 101.3, transportation is 129.2, and miscellaneous is 109.2.
As I always do a little joke here, I’m not seeing where the big increase is. Oh, yeah. Just kidding. Ha, ha.
It’s housing. Now, Alamo, it is 772.6 and that’s massive. This is approximately 673% higher than the national average with a median house cost of approximately $1,786,300.
Just a little interesting trivia: Of all the six cities in the Tri-Valley area, Alamo has the smallest population and the highest cost of living.
To give some balance to this equation, I’m now going to compare Alamo to another city, Menlo Park, which is about 46 miles southwest of Alamo. Now, this is the tech area where you’ll see companies like Google, Facebook, etc. Let’s look at the town’s cost of living and compare that to Alamo. Looking at the two categories, the cost between the cities is about a wash.
However, when we view the categories for housing, Menlo Park is 21.3% more expensive than Alamo. Menlo Park’s median house price is $2,273,900 compared to Alamo, which is now still $1,786,000. This means Menlo Park’s cost of housing is about $486,600 higher than Alamo’s.
Now, you may be wondering, why do I compare Alamo to Menlo Park? Well, the reason why is people who live in Alamo may commute to Silicon Valley and one of the main towns in Menlo Park. This way, you can understand the cost of living in the Alamo is higher compared to the national average, as well as California. However, it may look like a good deal compared to Silicon Valley.
Okay, I’m now going to compare Alamo to Concord. Concord is just about 11 miles North of Alamo.
The bottom line is Concord’s cost of housing is 66.5% cheaper than Alamo.
Concord’s median house cost is $599,200, making it $1,187,100 cheaper than Alamo.
Hopefully, comparing Alamo to these other two cities, Menlo Park and Concord have made it easier for you to decide if Alamo is the right fit or the right place for you to live.
I hope you enjoyed this article. Please let me know if you have any questions. Warren
Hello…I work with both buyers and sellers in the Tri-Valley area of Northern California. The Tri-Valley is comprised of 6 cities: Pleasanton, Livermore, Dublin, San Ramon, Danville, and Alamo. To better understand what each city has to offer, I have created a Pros and Cons video and BLOG for each – (Pros & Cons for Pleasanton, Pros & Cons for Livermore, Pros & Cons for Dublin, Pros & Cons for San Ramon, Pros & Cons for Danville and Pros & Cons for Alamo). If you are thinking about purchasing or selling a home, please reach out to me by text, phone, or email. If it is convenient, I can schedule a Zoom chat so we can discuss your home goals. Wishing you all the best on your home journey. Cheers!
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