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.
If you’d like to know more general information on the town, please visit my pros and cons for Danville, California.
The stats and information I’m going to share with you come from bestplaces.net.
What I’m going to do in this video is show you how Danville’s cost of living rates to the national average.
Then as I have with my other cost of living videos, I’m going to do a bit of a deep dive by comparing Danville’s cost of living to two other cities, Menlo Park, and Concord. These cities are about 16 to 40 miles apart from Danville. However, you’ll be surprised by the difference in their cost of living.
The cost of living is based on the US average of 100.
For example, if the category’s groceries and Danville’s number is 115.1, then this means Danville is 15.1% higher than that particular category compared to the national average. Let’s look at Danville’s cost of living and compare that to the national average.
Overall, Danville’s cost of living average is 249.3 compared to the national average and 149.3 compared to California, which means it’s approximately 150% higher than the national average and 50% higher than California.
I’m now going to break this down to categories so you can see which area or areas is causing Danville’s cost of living to be so much higher than the national average trees.
You have groceries. As I said, it’s 115.1. Healthcare is 109.3. Utilities are one 101.3. Transportation is one to 124.8 and miscellaneous is 110.8.
As I always do a little joke here, I say, “I can’t see where the increase is. Haha. Yeah, just kidding. It’s housing.” Now in Danville it’s 555.4. Yeah, that’s a lot of money.
This is approximately 455% higher than the national average with a median house cost of approximately $1,284,100. This makes Danville’s cost of living the second highest in the Tri-Valley area.
To give you some balance to this, I’m now going to compare Danville to another city, Menlo Park, which is about 43 miles Southwest from Danville.
Now, this is the tech area. You’ll find companies like Google, Facebook, etc. Let’s see what this town’s cost of living is and compare that to Danville. 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 77.1% more expensive than Danville. Menlo Park’s median house price is $2,273,900 compared to Danville, which is now just $1,284,000. This means Menlo Park’s cost of housing is $1,046,000 higher than Danville’s.
Now you may be wondering why do I compare Danville to Menlo Park? Well, the reason is a lot of people who live in Danville commute to Silicon Valley. One of the main towns in Menlo Park. This way, you can understand the cost of living in Danville is higher compared to the national average as well as California. However, it may be a pretty good deal when you compare this to Silicon Valley.
Okay, I’m now going to compare Danville to Concord. Concord is only 16 miles north of Danville.
The bottom line is Concord’s cost of housing is 36.4% cheaper than Danville. Concord’s median house price is $599,200, making it $684,900 cheaper than Danville.
Hopefully, comparing Danville to these other two cities, Menlo Park and Concord have made it easier for you to decide if Danville 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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