Anonymous
Anonymous asked in Business & FinanceRenting & Real Estate · 8 months ago

Why is rent in california $4000 a month?

18 Answers

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  • 8 months ago
    Favourite 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.

  • John
    Lv 7
    7 months ago

    Because people are paying that in some areas.

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  • 8 months ago

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

    • Boomerful8 months agoReport

      Whistle blows. Unnecessary rudeness. Off the field.

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  • 8 months ago

    high demand for place to rent...

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  • 8 months 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.

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  • Anonymous
    8 months 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.

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    • anonymous8 months 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.

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  • Anonymous
    8 months ago

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

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  • 8 months 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.

    • Boomerful8 months agoReport

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

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  • 8 months ago

    Really depends which city you live in.

    Southern Cal is more expensive than Sacramento.

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  • Anonymous
    8 months ago

    Because $4100 a month would be too much.

    • Boomerful8 months agoReport

      Bah! Almost funny, but not...

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