Beverly Hills is one of the most desirable places to live in the world. It ranked 732 (TOP 8%) on the list of the best places to live and is the 122nd best city to live in the United States, and the twentieth most livable city in California. Every parent wants to provide their children with a great school district that encourages growth and helps them reach their full potential. When it comes to living in Beverly Hills, the cost of buying a property is one of the most important factors to consider.
The cost of living in this area can vary greatly depending on the size and location of your home. The median home value in Beverly Hills is $2,890,000, according to Zillow. This is significantly higher than the national median home value of $219,700. The median rent price in Beverly Hills is $4,500 per month, which is also much higher than the national median rent price of $1,469 per month.
The cost of living in Beverly Hills is also higher than the national average. According to Numbeo, the cost of living index in Beverly Hills is 134.7, which is 34.7% higher than the national average. This means that basic goods and services are more expensive in Beverly Hills than they are in other parts of the country. The cost of living in Beverly Hills can be high, but it's worth it for those who want to live in one of the most desirable cities in the world.
With its excellent schools and beautiful homes, it's no wonder why so many people choose to call Beverly Hills home.