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 information I’m going to share with you comes from BestPlaces.net. What I’m going to show you first in this video is how Livermore’s cost of living rates to the national average.
Then, I’m going to do a bit of a deep dive by comparing Livermore’s cost of living to two other cities: Menlo Park and Tracy. These cities are about 25 to 40 miles apart from Livermore; however, you’ll probably be surprised by the difference in cost of living.
The cost of living index is based off the US average out of 100. For example, if the category is groceries, and Livermore’s number is 111.5, then this means Livermore is 11.5% higher than that particular category compared to the national average.
Let’s take a look at how Livermore’s cost of living rates to the national average. Overall, Livermore’s cost of living average is 181.5 compared to the national average, and 149.9 compared to California, which means it’s approximately 81% higher than the national average and 50% higher than California.
I’m now going to break this down into categories, so we can see which area or areas is causing Livermore’s cost of living to be so much higher than the national average. You have groceries; as I said, it’s 111.5, healthcare is 103.5, utilities is 104.5, transportation 119.7, and miscellaneous 111.3. I’m not seeing where the big increase is. Oh, yeah. Just kidding. It’s housing. Housing is 339.4; that’s massive. And this is approximately 239.4% higher than the national average, with a median home cost of approximately $553,100 over the national average.
To give some balance to this equation, I’m going to compare Livermore to another city, which is Menlo Park, which is about 40 miles south. Now, this is a tech area where you’re going to see companies like Google, Facebook, etc. Let’s see what this town’s cost of living is and compare or rate that to Livermore.
Looking at the two categories, the cost between the two cities is about a wash; however, when we view the categories for housing, this makes Menlo Park 189.8% more expensive than Livermore.
Menlo Park’s median house price is $2,273,900 compared to Livermore
which is $784,600; that is a difference of $1,489,300.
Now, you may be wondering, “Why am I comparing Livermore to Menlo Park?” Well, the reason why is a lot of people that live in Livermore commute to the Silicon Valley, and one of the towns is Menlo Park, so this way you can understand the cost of living in Livermore is higher compared to the United States, as well as California; however, it’s a pretty good deal compared to the Silicon Valley.
Now, I’m going to compare Livermore to Tracy. Tracy is about 25 miles east from Livermore. The bottom line is Tracy is 34.8% cheaper than Livermore. The big factor is Tracy’s median house cost is $273,200 cheaper.
The last point to consider about Tracy is that they have several newer home developments built in the last 20 years.
Hopefully, looking at these other two cities, Menlo Park and Tracy have made it easier for you to decide if Livermore 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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