Top 5 Most Expensive Cities To Live In California

In this article, we will be taking a look at the top 5 most expensive cities to live in California. If you wish to see a detailed analysis of Silicon Valley, head straight to the Top 20 Most Expensive Cities To Live In California.

5. Santa Barbara 

IM Score: 16

Santa Barbara, an expensive city, is primarily driven by its high housing costs. In August 2023, the median home value was $2 million, with a 23.7% YoY increase. Its prime location, beautiful beaches, and demand from wealthy residents and tourists contribute to the high housing expenses. The overall cost of living in Santa Barbara exceeds the national average due to housing. Despite offering diverse amenities such as dining, recreation, and quality schools, they come at a premium. The city’s Mediterranean climate and natural beauty make it a popular tourist destination, vital to its economy.