Santa Cruz-Watsonville, CA vs El Centro, CA
A 2-bedroom in El Centro costs $2,852 less per month than Santa Cruz-Watsonville ($1,362 vs $4,214). Median income is $109,266 in Santa Cruz-Watsonville and $56,393 in El Centro. That's a difference of $34,224 per year in housing costs.
Side-by-Side Comparison
| Metric | Santa Cruz-Watsonville | El Centro |
|---|---|---|
| Studio FMR | $3,179 | $939 |
| 1BR FMR | $3,298 | $1,038 |
| 2BR FMR | $4,214 | $1,362 |
| 3BR FMR | $5,377 | $1,845 |
| 4BR FMR | $5,659 | $2,285 |
| Median Income | $109,266 | $56,393 |
| Rent Burden | 46.3% | 29% |
| Actual Median Rent | $2,172 | $1,012 |
| Median Home Value | $1,015,200 | $279,500 |
| Population | 266K | 179K |
| Renter % | 40% | 43.2% |
| Vacancy Rate | 9.2% | 15.1% |
| Poverty Rate | 11.2% | 19.6% |
| YoY Change | +3.9% | +5.9% |
| Min Wage | $16.50/hr | $16.50/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
El Centro, CA is more affordable with a 2BR FMR of $1,362/mo, which is $2,852 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 29% in El Centro.
A 2-bedroom in Santa Cruz-Watsonville, CA costs $4,214/mo at Fair Market Rent, while in El Centro, CA it's $1,362/mo, a difference of $2,852/mo or $34,224/year.
To afford a 2BR without spending more than 30% of income on rent: Santa Cruz-Watsonville requires $168,560/year ($81/hr). El Centro requires $54,480/year ($26/hr).