Santa Cruz-Watsonville, CA vs San Jose-Sunnyvale-Santa Clara, CA
A 2-bedroom in San Jose-Sunnyvale-Santa Clara costs $731 less per month than Santa Cruz-Watsonville ($3,483 vs $4,214). Median income is $109,266 in Santa Cruz-Watsonville and $157,444 in San Jose-Sunnyvale-Santa Clara. That's a difference of $8,772 per year in housing costs.
Side-by-Side Comparison
| Metric | Santa Cruz-Watsonville | San Jose-Sunnyvale-Santa Clara |
|---|---|---|
| Studio FMR | $3,179 | $2,621 |
| 1BR FMR | $3,298 | $2,982 |
| 2BR FMR | $4,214 | $3,483 |
| 3BR FMR | $5,377 | $4,602 |
| 4BR FMR | $5,659 | $5,010 |
| Median Income | $109,266 | $157,444 |
| Rent Burden | 46.3% | 26.5% |
| Actual Median Rent | $2,172 | $2,794 |
| Median Home Value | $1,015,200 | $1,342,700 |
| Population | 266K | 2.0M |
| Renter % | 40% | 44.3% |
| Vacancy Rate | 9.2% | 5.7% |
| Poverty Rate | 11.2% | 6.9% |
| YoY Change | +3.9% | +11.2% |
| Min Wage | $16.50/hr | $16.50/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
San Jose-Sunnyvale-Santa Clara, CA is more affordable with a 2BR FMR of $3,483/mo, which is $731 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 26.5% in San Jose-Sunnyvale-Santa Clara.
A 2-bedroom in Santa Cruz-Watsonville, CA costs $4,214/mo at Fair Market Rent, while in San Jose-Sunnyvale-Santa Clara, CA it's $3,483/mo, a difference of $731/mo or $8,772/year.
To afford a 2BR without spending more than 30% of income on rent: Santa Cruz-Watsonville requires $168,560/year ($81/hr). San Jose-Sunnyvale-Santa Clara requires $139,320/year ($67/hr).