Cost of Living in San Mateo County, California

$2,893/mo
Median Monthly Rent
$1,494,500
Median Home Value
79% above state averageUnaffordable

At a Glance

Median Monthly Rent
$2,893/mo
79% above state average
Median Home Value
$1,494,500
430% above national
Rent-to-Income Ratio
29.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How San Mateo County Compares

Median monthly rent comparison

San Mateo County$2,893/mo
California Average$1,618/mo
National Median$1,163/mo

Detailed Housing Stats

$2,893/mo
Median Gross Rent
$1,494,500
Median Home Value
$3,278/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in San Mateo County, California

San Mateo's rent burden rivals the nation

San Mateo renters spend 22.3% of their income on housing—just below the state average of 22.4%—making it more affordable than the typical American county. With a median household income of $156,000, residents here earn more than double the national median of $74,755, cushioning the impact of high rents.

Among the most expensive in California

San Mateo ranks among California's priciest counties, with a median home value of $1.49 million and rents averaging $2,893 per month. Though the rent-to-income ratio sits slightly better than state average, the absolute costs place it firmly in the state's unaffordable tier.

The Peninsula premium over the valley

Renters in San Mateo pay $1,275 more monthly than their Santa Clara County neighbors ($2,893 vs. $2,814), despite similar income levels. Compared to nearby Santa Cruz County ($2,172/month), San Mateo's rental market commands a 33% premium.

Where income goes in San Mateo

The typical household earning $156,000 annually faces $2,893 in monthly rent or $3,278 for ownership costs. Combined with other expenses, housing consumes roughly one-quarter of household income—manageable for high earners, but leaving less for savings and other needs.

Considering San Mateo? Know the tradeoffs

High incomes make San Mateo work for many professionals, but the $1.49 million median home price requires substantial savings or income. Compare these costs against Santa Clara ($1.38M homes) or Santa Cruz ($1.02M) if you're weighing Bay Area options.

Affordability Calculator

See how your income compares to housing costs in San Mateo County

$

Rent Burden

22.3%

of gross income

Max Housing (28% Rule)

$3,640

per month

Owner Cost Burden

25.2%

of gross income

The median home in San Mateo County may be a stretch

Median home value is $1,494,500. Estimated monthly cost: $11,931 vs. your max of $3,640.

Rent Affordability Guide

Your rent-to-income ratio22.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in San Mateo County, California?
San Mateo County, California has a median monthly rent of $2,893/mo and a median home value of $1,494,500. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in San Mateo County?
The median gross rent in San Mateo County is $2,893/mo. This is 79% above state average for California.
Is San Mateo County affordable?
San Mateo County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does San Mateo County's rent compare to the state average?
San Mateo County's median rent of $2,893/mo is 79% above state average of $1,618/mo for California.
What is the median home value in San Mateo County?
The median home value in San Mateo County, California is $1,494,500. This is 430% above the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.