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.
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 Dublin’s cost of living rates to the national average.
Then, I’m going to do a bit of a deep dive by comparing Dublin’s cost of living to two other cities, Menlo Park and Tracy. These cities are about 20 to 30 miles apart from Dublin. However, you’ll probably be surprised by the difference in their cost of living.
The cost of living index is based on the US average of 100.
For example, if the category is groceries and Dublin’s number is 112.2, then this means Dublin is 12.2% higher than that particular category compared to the national average.
Let’s look at Dublin’s cost of living, and let’s see how it rates to the national average.
Overall, Dublin’s cost of living average is 199.1 compared to the national average, and 149.9 compared to California, which means it’s approximately 100% 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 Dublin’s costs of living to be so much higher than the national average.
You have groceries. As I said, it’s 112.2. Healthcare is 103.5, utilities is 104.2, transportation, 132.3, and miscellaneous is 112. I’m not seeing where the big increase is.
Oh, yeah. Just kidding. It’s housing. Housing is 388.1. That’s massive. This is approximately 288.1% higher than the national average, with a medium home cost of approximately $887,200 over the national average.
To give some balance to this equation. I’m now going to compare Dublin to another city, which is Menlo Park, which is about 35 miles southwest.
Looking at the two categories, costs between the two cities are about awash.
However, when we view the categories for housing, this makes Menlo Park 93% more expensive than Dublin. Menlo Park’s medium house price is $2,273,900 compared to Dublin, which is just $897,200. This means Menlo Park’s cost of housing is 153% higher than Dublin.
Now, you may be wondering, why am I comparing Dublin to Menlo Park?
Well, the reason why is a lot of people who live in Dublin commute to the Silicon Valley, and one of the main towns is Menlo Park. This way, you can understand the cost of living in Dublin is higher compared to the United States as well as California, however, it’s a pretty good deal when you compare it to Silicon Valley.
I’m now going to compare Dublin to Tracy. Tracy is about 29 miles east from Dublin.
The bottom line is Tracy’s cost of housing is 43% cheaper than Dublin. Tracy’s medium house cost is $511,400 making it $385,800 cheaper than Dublin.
Last point about Tracy is, they have several newer home developments that were built in just the last 20 years.
Hopefully, comparing Dublin to these two other cities, Menlo Park and Tracy have made it easier for you to decide if Dublin is a good fit or a good 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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