Thinking about moving to Dublin, CA? Use this cost of living guide to assess how well you will fit into the local lifestyle.
Living in Dublin is twice as expensive as the national average, but still a lot more affordable than San Francisco
Based on data from local area data analyst, Sperling’s Best Places, Dublin has a cost of living rated at 199.1, which means living in the city is almost twice as expensive than the national average (the baseline 100 on this index).
Dublin also has a higher cost of living compared to the rest of California, which is rated at just 149.9, or roughly 50% more expensive statewide than the national average.
On a more encouraging note, Dublin is a notably more affordable place to live than nearby Bay Area cities like San Francisco (269.3 overall), Berkeley (235.2), and Fremont (227.3). It is also undoubtedly easier on the wallet compared to Silicon Valley cities such as Palo Alto (471) and San Jose (214.5).
Real estate is one of the main drivers of Dublin’s higher cost of living
Because so many people aspire to buy a house in Dublin, CA, the highly competitive profile of the city’s housing stock results in similarly high home prices. Referring again to Sperling’s Best Places, the city’s housing price index is rated at 388.1, nearly four times higher than the national average.
To give you a clearer idea, Zillow’s home value estimates indicate that the average value of residential real estate in Dublin is $986,688, based on market data collected through November 2020. This number reflects an increase of 7.1% over the previous 12 months. Zillow predicts that real estate values will continue to increase up to 10.7% over the next year.
Other essential expenses are more reasonably priced
Further breaking down the cost of living analysis from Sperling’s Best Places, you will see that prices for groceries (112.2), utilities (104.2), and healthcare services (103.5) are much more comparable to average prices across the United States.
To illustrate what these costs look like in your day-to-day experience, Payscale.com provides the following sample prices for goods and services in Dublin, CA (as of January 2021):
- Loaf of bread: $4.18
- Gallon of milk: $2.43
- Carton of eggs: $2.27
- Hamburger: $5.32
- Medical checkup: $136.28
- Dental checkup: $117.08
- Prescription drugs: $542.87
Transportation costs are roughly 30% higher than the national average at an index of 132.3, but this is still reasonable for a city so close to the Bay Area.
Cost of living data are an indicator of the local quality of life
While Dublin, CA has a higher cost of living than most places in the US, you are certainly getting what you pay for—and that’s a higher standard of living overall. From its incredible location in the Tri-Valley Region, to its top-rated amenities like the local school system, this city never runs out of things to impress you with.
Are you looking for great homes for sale in Dublin, CA? Allow me, local real estate expert Alice Chen, to be your guide into this wonderful Alameda County city. To see the latest and finest homes available here, give me a call at 925.216.0676 or send a message here.