Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 3 weeks ago

Why is rent in california $4000 a month?

19 Answers

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  • 3 weeks ago
    Favorite Answer

    I assume that what you mean to ask is why are rents so high?  A combination of factors.  Low property tax rates, wealthy population, good schools, low crime, high paying jobs nearby.  Rent isn't high in ALL of California, but that describes the more desirable areas.

    • Casey Y
      Lv 7
      3 weeks agoReport

      Find a $4k rental in compton...go ahead and try.  

  • John
    Lv 7
    2 weeks ago

    Because people are paying that in some areas.

  • 3 weeks ago

    Supply & Demand, move if its too high, that's what the market is telling you to do. 

    • Boomerful3 weeks agoReport

      Whistle blows. Unnecessary rudeness. Off the field.

  • nanu
    Lv 5
    3 weeks ago

    high demand for place to rent...

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  • 3 weeks ago

    Because of three factors.....Location, Location, and Location.  Anywhere near the ocean is going to be $4000 or in San Francisco/Bay area.  Likewise anywhere near West Hollywood, Brentwood.

    Just about every place in the Valley is going to be $2500+.  Out in the high desert,  $1400-$2000....Not Palm Springs.

  • Anonymous
    3 weeks ago

    The only places I know of that rent for $4,000.00 a month is down by the ocean in a nice town. I see some really nice house inland that rent for that also. Most places rent from $1600.00 to $2500.00 in a half way decent area even in California. $4,000.00 is far from the average rents there.

    • anonymous3 weeks agoReport

      You're correct. In the bay area it's about $3,000.00 a month for a single, then another $250.00 to pay for parking. It's only $1600.00 a month for a single or one bedroom in not the greatest of areas.

  • Anonymous
    3 weeks ago

    Different places, and what you want to live in have different costs of living.

  • 3 weeks ago

    Because so many people want to live there, and there is only so much space to fit everyone. A higher demand creates a higher price.

    • Boomerful3 weeks agoReport

      True, but only part of a complex of reasons... land taxes?

  • 3 weeks ago

    Really depends which city you live in.

    Southern Cal is more expensive than Sacramento.

  • Anonymous
    3 weeks ago

    Because $4100 a month would be too much.

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