September 14, 2024 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

Councilwoman Seeks Workplace Violence Prevention Plan Following Brianna Kupfer Murder Verdict

September 13, 2024

September 13, 2024

Park’s Motion Requests to Assess the City’s Progress in Implementing Its Own WVPP In the wake of a first-degree murder...

Students Gain Global Perspective Rooted in Service at Marymount

September 13, 2024

September 13, 2024

By Susan Payne  Tradition meets innovation at Marymount, an all-girl Catholic independent high school in Los Angeles. As a Religious...

(Video) Thrilling Rides, Arcade Games and Family Fun Happening at Pacific Park in Santa Monica

September 13, 2024

September 13, 2024

Go to https://pacpark.com for more information @smmirrornews For more info, go to https://pacpark.com #santamonica #losangeles #california #amusementpark #rollercoaster #fyp ♬...

Shooting Suspect Held on $4 Million Bail After Attempted Murder Arrest

September 12, 2024

September 12, 2024

The Shooting Left a 24-Year-Old Man Seriously Injured A Van Nuys man is being held on more than $4 million...

Beyond Fest 2024 Announces Biggest Lineup Yet, Featuring 82 Films Across Four Theaters

September 12, 2024

September 12, 2024

25 West Coast Premieres, 16 World Premieres, and Free Screenings Sponsored by Neon Beyond Fest, the annual celebration of genre...

Earthquake Shakes Los Angeles Area, Centered Near Malibu

September 12, 2024

September 12, 2024

Los Angeles Was Jolted Awake This Morning By Earthquake  An earthquake of a 4.7 magnitude shook Los Angeles on Thursday...

Santa Monica History Museum’s Annual Event Returns with Top Chefs and Performances

September 12, 2024

September 12, 2024

Gala 2024: A Night of Storytelling, Comedy, and Cuisine for a Cause The Santa Monica History Museum’s annual Gala returns...

(Video) For Back-To-School Season, Get Your New Backpack and Duffle Bag at H. Savinar Luggage

September 11, 2024

September 11, 2024

Go to Savinarluggage.com or call 323-938-2501 for more information. @smmirrornews For more info, go to Savinarluggage.com or call 323-938-2501 #california...

Award-Winning Unique Eatery Poltergeist to Close Its Doors at the End of September

September 11, 2024

September 11, 2024

Fans Have Until Sept. 29 to Experience Chef Diego Argoti’s Bold Creations By Dolores Quintana Two weeks after the PBS...

Off the Hook Seafood Fest Returning to SM Pier After 5-Year Hiatus

September 11, 2024

September 11, 2024

General admission tickets start at $75 Following a five-year hiatus, the Off the Hook Seafood Festival is set to return...

Man Convicted of Murder By Jury in 2022 Stabbing Death of Brianna Kupfer

September 11, 2024

September 11, 2024

Guilty of First-Degree Murder in Brutal Killing at Hancock Park Furniture A man was convicted of first-degree murder Tuesday for...

Le Lycée Français de Los Angeles Celebrates 60 Years of Excellence in Education and a Bilingual Advantage

September 11, 2024

September 11, 2024

By Susan Payne An international private school in West Los Angeles is celebrating 60 years of excellence in broadening student...

Notre Dame Academy Helps Middle, High School Girls Discover Unique Gifts

September 10, 2024

September 10, 2024

By Susan Payne For the first time in Notre Dame Academy’s 75-year history, more girls are graduating and pursuing higher...

Winning Academics Founder Brings Customized Tutoring and Mentorship to Los Angeles

September 10, 2024

September 10, 2024

By Susan Payne Helping students achieve exceptional academic results and personal growth is no small feat. For the last 15...

Adopt a Pet for Free During LA Animal Services’ Fee-Waived Event on Tuesday

September 10, 2024

September 10, 2024

LA Animal Services Offers Free Pet Adoptions At West Los Angeles Shelter LA Animal Services is hosting a fee-waived adoption...