Breaking News from the State of California: It is Really Really Expensive to Live Here.

April 8, 2015

Today, an average California home costs $440,000, about two-and-a-half times the average national home price ($180,000) and California’s average monthly rent is about $1,240, 50 percent higher than the rest of the country ($840 per month). A report recently released by the California Legislative Analyst’s Office (LAO) entitled “California’s High Housing Costs: Causes and Consequences” explains why is it so expensive to call California home and how the high cost of housing affects Californians and our economy. The publication also provides potential policy solutions to address the future of California’s ever-increasing housing needs, including recommendations for additional funding of targeted affordable housing programs. Click here for more information.