Santa Cruz-Watsonville, CA vs San Francisco, CA
A 2-bedroom in San Francisco costs $610 less per month than Santa Cruz-Watsonville ($3,604 vs $4,214). Median income is $109,266 in Santa Cruz-Watsonville and $133,780 in San Francisco. That's a difference of $7,320 per year in housing costs.
Side-by-Side Comparison
| Metric | Santa Cruz-Watsonville | San Francisco |
|---|---|---|
| Studio FMR | $3,179 | $2,485 |
| 1BR FMR | $3,298 | $2,977 |
| 2BR FMR | $4,214 | $3,604 |
| 3BR FMR | $5,377 | $4,604 |
| 4BR FMR | $5,659 | $4,772 |
| Median Income | $109,266 | $133,780 |
| Rent Burden | 46.3% | 32.3% |
| Actual Median Rent | $2,172 | $2,426 |
| Median Home Value | $1,015,200 | $1,113,800 |
| Population | 266K | 4.7M |
| Renter % | 40% | 44.6% |
| Vacancy Rate | 9.2% | 7% |
| Poverty Rate | 11.2% | 8.7% |
| YoY Change | +3.9% | +7.3% |
| Min Wage | $16.50/hr | $16.50/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
San Francisco, CA is more affordable with a 2BR FMR of $3,604/mo, which is $610 less than Santa Cruz-Watsonville at $4,214/mo. However, when considering local incomes, Santa Cruz-Watsonville has a rent burden of 46.3% vs 32.3% in San Francisco.
A 2-bedroom in Santa Cruz-Watsonville, CA costs $4,214/mo at Fair Market Rent, while in San Francisco, CA it's $3,604/mo, a difference of $610/mo or $7,320/year.
To afford a 2BR without spending more than 30% of income on rent: Santa Cruz-Watsonville requires $168,560/year ($81/hr). San Francisco requires $144,160/year ($69/hr).