What You Actually Need to Earn to Live in San Luis Obispo County (By Town)

San Luis Obispo County, nestled along California’s Central Coast, offers stunning landscapes, charming towns, and a laid-back lifestyle. However, the cost of living in this sought-after area can be challenging. To help you navigate the real financial requirements, we’ve broken down what you’d need to make to live comfortably in different towns across the county, factoring in housing, utilities, transportation, food, and other essentials.

How We Calculated the Numbers

We based our estimates on the 50/30/20 budgeting rule:

• 50% of income for needs (e.g., housing, food, utilities)

• 30% for wants (entertainment, dining, etc.)

• 20% for savings and debt repayment

We’ve used average rent prices, utility costs, and other local data as of 2024 to paint a realistic picture.

San Luis Obispo (SLO)

Known for its vibrant downtown and proximity to Cal Poly, SLO is the cultural heart of the county.

• Average Rent (2-bedroom apartment): $3,000/month

• Utilities: $200/month

• Transportation: $150/month

• Groceries: $500/month

• Total Monthly Needs: $3,850

Salary Needed:

• To meet just needs: $77,000/year

• To live comfortably: $92,400/year (for 50/30/20 budgeting)

Templeton

A small, family-friendly town with a tight-knit community, Templeton offers a mix of suburban charm and rural appeal.

• Average Rent (2-bedroom home): $2,800/month

• Utilities: $180/month

• Transportation: $150/month

• Groceries: $450/month

• Total Monthly Needs: $3,580

Salary Needed:

• To meet just needs: $71,600/year

• To live comfortably: $85,920/year

Paso Robles

Known for its wineries and warm climate, Paso Robles has seen a surge in popularity, impacting its cost of living.

• Average Rent (2-bedroom apartment): $2,400/month

• Utilities: $175/month

• Transportation: $150/month

• Groceries: $450/month

• Total Monthly Needs: $3,175

Salary Needed:

• To meet just needs: $63,500/year

• To live comfortably: $76,200/year

Morro Bay

This coastal gem boasts breathtaking ocean views and a tranquil lifestyle but comes with higher living costs.

• Average Rent (2-bedroom apartment): $2,900/month

• Utilities: $200/month

• Transportation: $150/month

• Groceries: $500/month

• Total Monthly Needs: $3,750

Salary Needed:

• To meet just needs: $75,000/year

• To live comfortably: $90,000/year

Arroyo Grande

Offering a balance of coastal proximity and affordability, Arroyo Grande is a popular choice for families.

• Average Rent (2-bedroom home): $2,600/month

• Utilities: $180/month

• Transportation: $150/month

• Groceries: $450/month

• Total Monthly Needs: $3,380

Salary Needed:

• To meet just needs: $67,600/year

• To live comfortably: $81,120/year

Grover Beach

With its beachside charm, Grover Beach is one of the more affordable coastal towns in the area.

• Average Rent (2-bedroom apartment): $2,400/month

• Utilities: $175/month

• Transportation: $150/month

• Groceries: $450/month

• Total Monthly Needs: $3,175

Salary Needed:

• To meet just needs: $63,500/year

• To live comfortably: $76,200/year

Nipomo

Located in the southern part of the county, Nipomo offers a quieter lifestyle and slightly lower costs.

• Average Rent (2-bedroom apartment): $2,300/month

• Utilities: $170/month

• Transportation: $150/month

• Groceries: $450/month

• Total Monthly Needs: $3,070

Salary Needed:

• To meet just needs: $61,400/year

• To live comfortably: $73,680/year

How to Adapt

If these numbers feel daunting, consider:

1. House Sharing: Splitting costs with roommates or family.

2. Remote Work: Higher salaries from urban job markets while living locally.

3. Budgeting: Track spending and prioritize savings.

4. Relocation to Affordable Areas: Towns like Nipomo or Paso Robles may offer better value.

Final Thoughts

San Luis Obispo County’s beauty and quality of life come with a price tag. Understanding these breakdowns can help you plan for the lifestyle you want in this picturesque region. Whether you're moving to Templeton for its family vibe or SLO for its vibrant energy, knowing what to earn is the first step to making your Central Coast dream a reality.