Orange County, California has beautiful beaches, warm climate, and affluent neighborhoods. It’s no surprise that the cost of living in Orange County is higher than the national average. These are the factors that people should consider before moving to Orange County.
Cost of Living in Orange County
Apart from housing, other expenses in Orange County are high as well. The cost of living in Orange County is 65% higher than the national average. Groceries, healthcare, and utilities are more expensive than the national average. Orange County has a higher income than the national average to offset the expenses.
Real Estate Prices
One of the most significant expenses for residents in Orange County is housing. The median home value in Orange County is $1,005,866, which is more than double the national average. The high cost of real estate is due to the county’s location, weather, and economy. There are still some affordable neighborhoods in Orange County. Search here!
Property Taxes
Property taxes in Orange County vary depending on the city and the value of the property. On average, property taxes in Orange County are around 0.79% of the home’s value. For example, if your home is worth $867,900, you can expect to pay around $6,586 in property taxes per year.
Job Market in Orange County
Orange County has a strong job market, particularly in the city of Irvine, which is a major career and job hub. Irvine is home to several large corporations, including Taco Bell and Edwards LifeSciences. The county is close to Los Angeles and San Diego also makes it an attractive location for commuters.
Education in Orange County
Education is another factor that contributes to the high cost of living in Orange County. The county’s public schools are among the best in the state. They rank 9/10, which is in the top 20% of California public schools. Additionally, Orange County has several excellent private schools to choose from. There are incredible universities including Chapman University, UCI, and Soka University.
Transportation in Orange County
Orange County’s transportation system is highways and freeways instead of public transportation. Public transportation options include Amtrak and buses. They are not comparable to urban public transportation. A car is crucial in Orange County. Orange County’s highways and freeways are plentiful, making it easy to get around by car. Traffic can be heavy during peak hours, but it’s not as bad as Los Angeles.
Orange County has John Wayne International Airport in Santa Ana. There are other airports nearby including LAX and Long Beach.
Transportation in Orange County
Orange County is a safe place to live, with several cities ranking among the safest in America. Orange County’s violent crime rate is 15.9, which is lower than the national average of 22.7. The property crime rate is 31.7, which is also lower than the national average of 35.4. Omit, Orange County is a safe place to live and work.
Orange County offers many benefits, such as a strong job market and excellent schools. I hope that will help you make the right decision for your move. We can help you make a smooth move to Orange County.
Contact Stubbs & Bammer Luxury Group today if you plan on moving to Orange County.