Why are things in California so much more expensive than in New York?
For example, when I watch these house hunter shows I pay close attention to the amount these people are spending on houses. The kind of house that sells for $150,000 in my town will go for $800,000 in Cali. Why on earth do prices differ so much and how do people afford this?! Do jobs also pay higher in that state? I know people around here can’t afford housing at that price unless they inherited a family fortune or are a highly paid doctor or surgeon.
This also makes me wonder (and this could be a ridiculous question) about whether or not minimum wage is the same for all the US? Because a single person in my town making min wage would be able to rent a one bedroom apartment for around $500 and survive but if they moved to Cali and tried to rent the same apartment, they’d never make it. That apartment would be much more expensive. I just don’t get it…Can anyone enlighten me?
This question is in the General Section. Responses must be helpful and on-topic.