About 2,600 people live in an area the size of a square mile in Los Gatos, which is home to 30,729 residents. While significantly higher than the state average of 36.5%, the median age of 47.2% is typical of affluent neighborhoods throughout the United States. A household in Los Gatos can expect to make $155,863 per year, which is more than double the state average of $75,235.
What makes real estate in Los Gatos highly desirable
Is Los Gatos a secure location to live, considering I am considering relocating here? It’s safe to assume that if Los Gatos weren’t a secure place to live, no one would be willing to pay over $1,000,000 for a single Los Gatos homes for sale. Due to a 44% lower crime rate than the U.S. average, Los Gatos earned an A+ from Areavibes for its high level of security. The property crime rate is 36% lower and the violent crime rate is 88% lower than the national average in this area. The city of Los Gatos is an exceptionally secure location.
Los Gatos has a cost of living that is 138% more than the national average, which is hardly surprising given the state of California’s reputation for being among the most expensive in the country. Homes in Los Gatos cost an average of $1,881,346; which is more than double the state of California’s median home price of $505,000. Food, transportation, and utilities will all be more expensive in Los Gatos because of the state’s high cost of living, but housing will likely be the single largest outlay of cash. Naturally, Los Gatos has a relatively high rental cost, averaging $2,733 per month.
You’re in luck if you’re trying to find a place to live that has culturally significant and aesthetically pleasing neighborhoods. In Los Gatos, there is a wide variety of communities to choose from, each with its own character and set of residents.
In Los Gatos, you can expect the same high standard of luxury and excellent service wherever you go. Communities like Almond Grove, which was established in the town’s early period of growth in the late 19th century, are, nonetheless, among the town’s most notable features. Creffield Heights, on the other hand, is smack in the middle of the excitement Downtown and offers a more modern vibe while yet being a short walk away.
If you’re looking for a wealthy town with plenty of excellent things to do, go no farther than Los Gatos! Los Gatos has everything you could want, whether you’re looking for great places to shop or exciting activities for the whole family. If you need to do some shopping, head to one of the neighboring malls, such as King’s Court. Some of the top attractions in Los Gatos, California are listed below.
Castle Rock State Park
Castle Rock State Park is a stunningly gorgeous natural preserve that may surprise you given its proximity to San Jose; it features more than 32 miles of paths that are suitable for walking or riding horses. Outdoor enthusiasts in Los Gatos, your search is over!
Vasona Lake County Park
This park on Vasona Lake is one of the most picturesque spots in all of Los Gatos; visitors can fish, have a picnic, or even paddle around in a human-powered boat. It’s no secret why so many Los Gatos locals spend their weekend afternoons at this park.
According to Payscale, those thinking about making a living in Los Gatos should note that incomes have been declining while the cost of living has been rising. Employment trends show that Senior Software Engineer, Software Engineer, and Office Manager are the three most sought-after roles. Companies like Netflix, Roku, and Cryptic Studios are major employers in the Los Gatos area. Wages in Los Gatos average $94k per year, or $23.83 per hour.
Real estate market
Although the Los Gatos real estate market is calming down, it is still very much a seller’s market and has been for the past few months. The market has passed its high and has been steadily cooling over the past few months.
Los Gatos homes for sale is a fantastic location for a family to make their permanent residence. If you’re a single person looking for a Silicon Valley experience, you might find more bang for your buck in San Jose, a neighboring city that offers a comparable atmosphere at a lower cost of living and with more opportunities for socializing.