Considering Indian Wells, CA for your new home? How expensive is it?
In a previous blog post, I discussed the pros and cons of living in this beautiful destination. Now that you are intrigued about living here, grab your calculators, and let’s look at the costs.
Real Estate
One of the largest costs is housing anywhere you choose to reside. In Indian Wells, let’s just say you’re not shopping at the bargain bin. The housing costs here are among some of the highest in the nation, but it is not one of the most expensive communities in California. In August 2023, the median sales price for a single-family home was $1.500,000, according to Realtor.com.
Indian Wells is not a one-size-fits-all kind of market. You will find various options, from condos to sprawling estates that scream “movie star hideout.” Finding less expensive homes or condos to suit your preferences is possible.
Utilities
Living the high life in Indian Wells means you’ll spend more on utilities than the U.S. average, but only roughly 4% more than our fellow Californians. One way to reduce your electric costs would be to consider solar as an alternative. Sunshine is abundant, shining approximately 350 days yearly here in the Coachella Valley.
Transportation
Most people in Indian Wells have a car as their primary mode of transportation. Public transportation is available but not accessible to all areas. The cost of gas is expensive in California due to refinery and clean air requirements. But if it’s any consolation, it’s still cheaper than filling up in Los Angeles, San Francisco, or San Diego. Electric vehicles are gaining traction here, too.
Groceries
No matter where you live in Indian Wells, the good news is groceries aren’t costly and only about 4% higher than the US average. The Coachella Valley has access to fresh fruits and vegetables grown here. There is a wide range of choices for getting your groceries, from the weekly farmer’s markets to Trader Joe’s and other major grocery chains and smaller boutique grocery stores.
Healthcare
Healthcare is another area where the cost of living is less. The average healthcare cost in Indian Wells is about 13% less expensive than the US average and about 8% less than the California average. Indian Wells is fortunate to have many good healthcare providers in healthcare systems.
Lifestyle
The area is a health-conscious community with many outdoor recreational and exercise opportunities, including hiking trails, biking, swimming, tennis, and golf. Indian Wells is located in Riverside County in the Coachella Valley. Residents will find that the city is relatively quiet. The area is not overpopulated and has fewer college students, renters, and young children.
If Indian Wells sounds like your slice of paradise, I’m just a call, text, or email away.
If you would like more information about buying or selling in the Indian Wells area, or to get answers to your questions, please contact me, Stephen Burchard, The Desert Bowtie Realtor®, taking the (k)nots out of real estate.
