The Average Rent in Sacramento
Sacramento, or “Sactown” as the locals call it, is the capital of California. 500,000 people, Sacramento is a city full of life. Home to the original Pony Express, Sacramento was a central city during the California Gold Rush.
Sacramento enjoys a Mediterranean climate, which means it is generally very mild with lots of sunshine, but at times the temperature can reach record highs of 115 degrees. Sacramento has a variety of activities for residents to do. From professional sports teams to opera and ballet, there is plenty of entertainment to enjoy. It is also called “the camellia capital of the world” for all the flowers that bloom there.
Because it is such a bustling and bustling city with so much to do, the cost of living in Sacramento is more expensive than in other parts of the United States.
What is the average rent in Sacramento?
California is known for its high cost of living. In fact, several California cities top the rankings as the most expensive in the country. The average rent in Sacramento is $ 2,064 for a one-bedroom apartment, which is up 21.88% year-over-year.
The average rent in Sacramento is more expensive than the national average, which is around $ 1,600 for a one-bedroom apartment. So if you are looking to live here understand that the cost of living in Sacramento is more expensive than in other places in the United States.
How much do I have to earn to live in Sacramento?
If you’re looking to live in Sacramento and average rental prices seem feasible, let’s take a closer look at how much you need to earn to live comfortably in the City of Trees.
The average rent in Sacramento is $ 2,064 for a one-bedroom apartment. But you will need to earn enough money to cover all your expenses and have enough to save money.
Financial experts recommend spending 30% of your pre-tax salary on housing. If the average rent in Sacramento is going to cost you more than 30% of your income, you may want to consider another neighborhood or apartment complex, as that will cut your budget too much to stay comfortable.
To live comfortably in Sacramento, you will need to earn at least $ 82,560 per year. Each year, you will spend an average of $ 24,768 on rent (based on the average rent price), or 30% of the income listed above.
Can you afford to live in a Sacramento neighborhood? Check out this calculator to make sure you’re properly budgeting for rent and cost of living in Sacramento.
The cost of living in Sacramento
When looking for a new apartment to rent, the monthly rent is the first thing you usually look at. But there is more to the cost of living than just rent. The average cost of rent in Sacrament is $ 2,064 for a one-bedroom apartment, and the overall cost of living is 23.4% more expensive than the national average.
You need to factor in the cost of rent, utilities, groceries, health care, and transportation, among others. Below are a few data points that show how the cost of living in Sacramento compares to the national average. Hint: it’s more expensive in all categories.
- Global: Cost of living in Sacramento is 23.4% higher than national average
- Groceries: Cost of groceries in Sacramento is 4% higher than national average
- Housing: Cost of housing in Sacramento is 46.2% higher than national average
- Utilities: Cost of utilities in Sacramento is 9.6% higher than national average
- Transport: The cost of transportation in Sacramento is 37.6% higher than the national average
- Health care: Cost of health care in Sacramento is 21.9% more than national average
- Miscellaneous goods and services: The cost of miscellaneous goods and services in Sacramento is 13.6% higher than the national average
The most and cheapest neighborhoods in Sacramento
In any city, you can find a range of rental prices from the most expensive to the cheapest. For example, rental prices in Sacramento can range from as little as $ 1,300 per month to over $ 3,000 per month for a one bedroom apartment.
Typically, neighborhoods in the heart of Sactown or near or near the Sacramento River are more expensive. This is because they are highly sought after and close to the city center. Neighborhoods further from the city center, such as those to the east or west, have cheaper rents.
The most expensive neighborhoods in Sacramento
Sacramento’s more expensive neighborhoods are all relatively close to the downtown area, driving up rental prices. However, most of the 10 most expensive neighborhoods in Sacramento have actually experienced a downward trend in rental prices year over year.
Sacramento has a variety of places to live, and the more expensive neighborhoods all have large parks, plenty of restaurants, bars, and shops near downtown. Although the rent is more expensive, you will enjoy countless activities.
Cheapest neighborhoods in Sacramento
If you want to live in Sacramento but need more affordable rental accommodation, there are several neighborhoods that are good options for you. The cheapest cities tend to have a suburban vibe, hence the drop in rental prices. Although you live in a more residential area with less of a metropolitan or urban vibe, you will still be close to downtown Sacramento with all of its benefits and features. Plus, you’ll save on rent each month.
Average Rental Prices in Sacramento Neighborhoods
Sacramento is more than the most and least expensive neighborhoods. There are several other areas of the city where you can rent. Check out all of Sacramento’s neighborhoods and their average rental prices in the table below.
Find your Sacramento neighborhood
Sacramento, the capital of California, is a great place to live. Now is the time to find an affordable apartment in the perfect Sacramento area that meets your needs. You can view the studios, one and two bedroom apartments available in Sacramento using our apartment finder.
Rental prices are based on a moving weighted average of the Apartment Guide and Rent.com’s Multi-Family Rental Property Inventory for one-bedroom apartments. The data was extracted in December 2020 and is one year old. We use a weighted average formula that more accurately represents the price availability for each individual unit type and reduces the influence of seasonality on rental prices in specific markets.
Neighborhoods with insufficient inventory were excluded.
Data on the cost of living come from the Community and Economic Research Council.
The rental information included in this article is used for illustration purposes only. The data contained in this document does not constitute financial advice or a price guarantee for any apartment.