Rental prices and salaries in Sacramento in July 2023. Is it worth moving?

Sacramento, the capital of California, is considered one of the most desirable cities in the US to relocate to among Americans. One of the main reasons for this is the lower cost of living compared to major cities in California such as Los Angeles and San Francisco. Its rich culture, historical landmarks, and beautiful climate make it attractive to many people.

Average apartment rental prices in Sacramento in July 2023:

Housing costs in Sacramento are relatively low compared to other cities in California. The average price for a one-bedroom apartment is around $1,550 per month, while a two-bedroom apartment will cost around $1,850. However, housing prices are rising, especially in the central areas of the city.

Apartment typeAverage price (per month)
One bedroom$1,550
Two bedrooms$1,850
Three bedrooms$2,450
Four bedrooms$2,700

Table 1: Most Affordable Rental Areas in Sacramento

NeighborhoodMonthly Rent (for a one-bedroom apartment)
Curtis Park$1,320
North Oak Park$1,380

Table 2: Most Expensive Rental Areas in Sacramento

NeighborhoodMonthly Rent (for a one-bedroom apartment)
Downtown Sacramento$2,460
Gateway West$2,310
Natomas Crossing$2,280

Salaries, labor market, and major employers in Sacramento in 2023

The average monthly net salary (after taxes) in Sacramento is $4,690.

Sacramento is known for its major employers that offer a multitude of job opportunities. Some of the largest employers in the city include the University Of California, Davis, State Of California, Kaiser Permanente, Sutter Health, Intel Corporation, and Dignity Health. Each of these employers has over 3,000 employees, indicating a strong economic position and employment stability in the city.

Sacramento offers a variety of job opportunities and major employers. Some of the largest employers in the city include:

  • University Of California, Davis: over 9,000 employees
  • State Of California: over 8,000 employees
  • Kaiser Permanente: over 7,000 employees
  • Sutter Health: over 7,000 employees
  • Intel Corporation: over 6,000 employees
  • Dignity Health: over 3,000 employees

The largest industries in employment in Sacramento include:

  • Government administration: over 81,000 people
  • Healthcare and medical services: over 52,000 people
  • Higher education: over 28,000 people
  • Nonprofit management: over 23,000 people
  • Law enforcement: over 22,000 people

In addition to a lower cost of living in California, Sacramento offers other advantages for living and working:

  • Climate: Sacramento is located in the inland part of California and has a moderate continental climate. It experiences all four seasons, but winters are usually mild, and summer temperatures can reach up to 30-35 degrees Celsius. This climate makes the city attractive for outdoor enthusiasts, such as hiking, biking, and river walks.
  • Wide range of entertainment and cultural events: Sacramento is a center for arts and culture in Northern California. It offers numerous museums, galleries, and theaters. The city is also known for its festivals and events, such as the Rose Festival, Sketch Festival, and Film Festival.
  • Abundance of parks and green spaces: Sacramento offers extensive parks, squares, and green areas for outdoor recreation. The Sacramento and American River waterfronts provide opportunities for walks, picnics, kayaking, and fishing.
  • Proximity to natural attractions: The city is located near natural attractions such as Lake Tahoe, Yosemite National Park, and the Pacific Ocean coast. This makes the city a great place for nature lovers who want to enjoy diverse natural beauty.
  • Developed education system: Sacramento offers diverse educational opportunities with prestigious universities, colleges, and schools. This makes the city an attractive place for families with children and students. It provides excellent opportunities for higher education, including prestigious institutions such as the University of California and California State University, Sacramento. However, the cost of education can be quite high, so it is important to plan finances in advance.
  • Location: Sacramento has a convenient geographic location, making it an excellent place for travel. The city is close to major cities such as San Francisco, Los Angeles, and Las Vegas, allowing for quick and easy access to other popular destinations.
  • Public transportation: The city has a well-developed public transportation system, including buses and light rail. The cost of bus travel is around $2.75 per trip. Bicycles and electric scooters are also popular means of transportation in the city.
  • Food: The cost of food in Sacramento is roughly average for the United States. Prices for fresh fruits and vegetables may be slightly higher. It is better to go to large supermarkets and farmers’ markets for good deals.

Moving to Sacramento can offer affordable housing, promising job opportunities, and a high quality of life with a lower cost of living compared to other cities in California. However, before making the decision to move, it is recommended to carefully research the job market, housing costs, and other factors that may affect your life and career in Sacramento.

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