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Why is the West Coast so much more expensive?
The geography and the temperature changes so much in such a short distance on the West Coast and this is why housing prices are high. There are also taxes especially in California that cause the West Coast to be higher.
Is living up north cheaper?
Up north there’s less demand and land is much cheaper. In Scotland a single plot could go for a tiny fraction of what you’d pay in the south. Yes. Most of the UK’s industry and businesses are based in the south with our services based economy solely focused in London (which is in the south).
Why are houses on the West Coast so expensive?
Strong economic growth and job creation are two main drivers of price increases. As good jobs bring new residents to a city, the strong demand for housing pushes prices up. Many markets on the West Coast have the trifecta right now.
Why are houses down south cheaper?
The weather is a major factor. From home construction and insulation to the cost of heating fuels being higher in the NE in the winter. Taxes are usually lower in the South; many more Red States than Blue States. Education is less well funded in the South, which is a factor in taxation.
Why are house prices so high in the south?
In the most popular areas, there is a shortage of supply. It is difficult to find new land around greater London. Therefore, existing homeowners have a vested interest in keeping the supply as low as possible in their area. Lack of Social Housing.
Where do the rich live on the East Coast?
The wealthiest concentration of high-income households is in the Connecticut towns of Bridgeport, Stamford and Norwalk, outside New York City. 17 percent qualified between 2006 and 2011.
Is it cheaper to live in the north or South?
It really is cheaper up North: How it’s £3,000 a year more expensive to live in the South (and the cost of houses is the reason why) Cost of living in northern England is £8,521 compared to £11,536 in London Researchers MoneySuperMarket said rent or mortgage payments to blame
What are the lowest cost of living States in the south?
LOWEST COST OF LIVING STATES IN THE SOUTHEAST – RANKED (updated 2018) #1 Lowest Cost of Living State – Tennessee – $ 3,579 total real estate taxes, sales tax, personal income tax #2 Lowest Cost of Living State – Florida $ 4,894 total real estate taxes, sales tax, personal income tax
Is it better to live on the east coast or west coast?
It’s a bit more family oriented,” he says. “And the affordability is better on the west coast over the east coast.” The region is also more affordable than the west coast’s better-known destinations to the south, Naples and Sarasota, says Robyn Gunn of the Gunn-Swainston Group of Premier Sotheby’s International Realty in St. Petersburg.
What are the differences between Georgia and North Carolina?
Georgia – $1,320 sales tax; North Carolina – $1,344 sales tax South Carolina – $1,680 sales tax; Tennessee – $2,083 sales tax; PERSONAL INCOME TAX COMPARISON: For this comparison, we will assume our annual taxable income is $40,000 for a married couple filing jointly: Florida – zero personal income tax; Georgia – $2,143 personal income tax