February 8, 2025 Breaking News, Latest News, and Videos

How High Are Santa Monicans’ Monthly Bills Compared to the Rest of the U.S.?

A Report Shows How Much Local Residents’ Household Income Is Sacrificed

By Zach Armstrong

Living in one of the more prominent U.S. cities, it’s no surprise that Santa Monicans pay more on expenses than an average U.S. citizen. A new report shows just how much local residents pay on monthly bills and how much of their household income is sacrificed compared with those in other U.S. residents.

In a recent report by Doxo Insights, which compared the percentage spent of household income on bills by residents in all 50 states, Californianans spend an average of 40% of their income on household bills with those in Santa Monica paying the same average. That’s compared with the U.S. average of 35%.

The report showed Santa Monica bills are $15,705 higher per year than the U.S. average, with the average Santa Monica home paying $3,355 per month on bills. This makes Santa Monica the 116th most expensive city in California and its households 64% more expensive than the U.S. average. 

The average mortgage bill for a Santa Monican is $3,637, while the average rent is $2,055, average auto loan is $322, average monthly utilities is $373, average monthly auto insurance is $208 and average monthly health insurance being $151.

These results aren’t news for locals of the L.A.-area charter city. Santa Monica was recently listed as the third least affordable city in the U.S. by WalletHub’s “2023’s Most Affordable Cities for Home Buyers”. Metrics in WalletHub’s report included housing affordability, maintenance affordability, cost of Homeowner’s Insurance, cost of living, real estate tax, rent-to-price ratio and vacancy rate. 

In Doxo Insights recent report, California cities paying the highest in average household bills are San Roman, Danville, Ladera Ranch, Mill Valley and Hermosa Beach. States shown to have a higher ratio of household income-to-bills are Louisiana (44%), Hawaii (43%), Florida (42%) and Mississippi (41%) while being tied with Alabama, Idaho, South Carolina, Nevada, New Mexico and Montana. 

Doxo Insights’ methodology for these results included using a proprietary dataset that based on bill payments in 97% of zip codes and 45 bill pay service categories.

in Hard, News
<>Related Posts

Student Protest Over Immigration Policies Leads to Walkouts Across the Westside

February 7, 2025

February 7, 2025

Walkout Turns Tense as Counter-Protester Confronts Teen in Video From Venice Students from Santa Monica High School (SAMOHI), Culver City...

10-Year-Old Palisades Girl Wins Martial Arts Medals Weeks After Losing Home to Fire

February 6, 2025

February 6, 2025

Savoian, a green belt in Yoshukai karate, trained at Gerry Blanck’s Martial Arts Center in Pacific Palisades Just weeks after...

Open Arms Art Show Runs Through Mar. 22 in Burbank

February 6, 2025

February 6, 2025

Opening Exhibition Saturday Feb. 8 from 12 to 8p.m. More than an art show, the Open Arms Exhibition is an...

Quiet Luxury: What’s Inside the New Regent Boutique and Sweet July

February 6, 2025

February 6, 2025

The Regent Santa Monica Beach, known for its perfect Santa Monica getaways, or local dining at its Mediterranean-based restaurant Orla...

Santa Monica Waives Outdoor Dining Fees After Wildfires

February 6, 2025

February 6, 2025

101 businesses participate in Santa Monica’s outdoor dining programs, which began as a temporary measure during COVID-19 In an effort...

(Photos) Kamala Harris Visits Destruction of Palisades Fire

February 6, 2025

February 6, 2025

Harris spoke with first responders, service providers, and evacuees about recovery efforts and resources Former Vice President Kamala Harris joined...

Film Review: Companion

February 6, 2025

February 6, 2025

FILM REVIEWCOMPANIONRated R97 MinutesReleased January 31st Companion is like an O. Henry short story, moving at a breezy clip, with...

Best Spots to Celebrate Valentines, Galentines, or Have a Super Bowl Party on the Westside

February 6, 2025

February 6, 2025

Cocktails, Game Day Grub, Valentine’s Pasta, and a Lonely Heart’s Tea Service You will find many excellent ways to celebrate...

Dead Body Found on Sands of Venice Beach, Investigation Underway

February 5, 2025

February 5, 2025

A death investigation is underway By Zach Armstrong A death investigation is underway after local officials discovered a dead body...

Will Rogers State Beach to Become Temporary Hazardous Waste Site

February 5, 2025

February 5, 2025

The site, located on flat, open land near the burn zone, will serve as a staging area where materials will...

FDA Issues High-Risk Recall for Pre-Packaged Broccoli Florets Sold at Walmart

February 5, 2025

February 5, 2025

Recall Is Now Classified as Class I Due to Seriousness Of Contamination The U.S. Food and Drug Administration has classified...

Matū Kai Brings Its Signature Wagyu and Famous Cheesesteak to Brentwood

February 5, 2025

February 5, 2025

Team Behind Beverly Hills’ Acclaimed Matū Is Opening a Second Location One of Beverly Hills’s newest and most popular restaurants,...

SaMoHi Science Teacher Arrested for Alleged Student Relationship

February 5, 2025

February 5, 2025

Ingo Gaida Faces Misdemeanor Charges After Investigation into Inappropriate Conduct A Santa Monica High School science teacher was arrested Wednesday,...

Supermarket Reopens in Palisades Following Wildfire Damage

February 4, 2025

February 4, 2025

The store is currently operating on a generator until power is fully restored The Vons supermarket at 17380 W Sunset...

State Farm Seeks Emergency Rate Hike, Citing Wildfire Losses—Consumer Advocates Push Back

February 4, 2025

February 4, 2025

Insurer Requests up to a 38% Rate Increase, but Critics Call It an Unjustified Cash Grab In a press release...