San Francisco is notorious for its jaw-dropping real estate prices.
The median rent for a one-bedroom apartment stands at $US3,460 a month.
But it’s not just housing expenses that will eat away at your paycheck — in general, the total cost of living in San Francisco is 62.6% higher than the US average.
If you’re thinking about heading out west to startup-nation, consider these eye-opening facts about the cost of living:
For a family of four, expect to pay about $91,785 a year for necessities -- that's $7,649 per month.
Annual necessities in the San Francisco metro area for a four-person family -- two adults, two children -- include costs of housing, food, child care, transportation, healthcare, other necessities, and taxes. They do
not include savings or discretionary spending.
In addition to pricey housing, car ownership will add up: The average price for a gallon of gas in San Francisco is $3.20, compared to a national average of $2.33. That's a 37% difference.
If you can manage without a car in the city of San Francisco, public transportation will be the most economical option: A monthly pass for bus and cable car service is $US68, while a pass that includes access to BART (Bay Area Rapid Transit) is just $US80. Compared to Chicago ($US100) and New York City ($US116.50), that's a pretty good deal.
Expect to pay daily parking rates of $20 or more in the city (or monthly rates between $200 and $400).
Business Insider Emails & Alerts
Site highlights each day to your inbox.