California homeowners spend an average of $2,399/month on homeownership costs beyond mortgage.
New study from Bankrate highlights the average California homeowner spends $2,399 per month on general homeownership costs, including property taxes, homeowner insurance, cable/internet, and energy bills. These expenses, in addition to mortgage payments, should be factored into budget planning when purchasing a home. Owning a home in California is costly, with these additional expenses on top of the initial purchase.
June 14, 2024
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