A newly released report evaluates the expenditure of Paso Robles in comparison to the state and national averages.
The Breakdown
According to the 2023 U.S. Utilities Market Size and Household Spending Report by Doxo INSIGHTS, Paso Robles residents experienced a 15.8% rise in utility bill costs compared to the previous year. Doxo, a company offering bill payment services, publishes data on expenses for various cities in the United States.
The average monthly expenditure for Paso Robles households is approximately $2,559, resulting in a total annual expenditure of $30,707. This amount exceeds the average cost for households in the United States by $6,150. The 30k total includes rent, mortgages, auto loans, and health insurance just to name a few. The utility portion of the total sum breaks down to utilities coming in at $348 monthly compared to the U.S. average of $351
The household expenses exceed the average cost of U.S. expenses by 25%, while residents of Paso Robles spend approximately 40% of their income on these expenses.
Paso Robles is served by several reputable service providers such as Pacific Gas & Electric, Paso Robles Waste Disposal, Southern California Gas, Charter Communications, and credit cards from Lowes and Tractor Supply Company. The majority of households, approximately 73%, prefer using debit cards to pay their bills, while 19% opt for credit cards and 8% choose to directly use their bank accounts.
According to the Doxo report, Paso Robles ranks as the 299th most expensive city out of 431 cities in California. The top three cities in California with the highest average household bills are San Ramon ($4,390), Danville ($4,367), and Ladera Ranch ($4,268). The average cost of living in California is $2,838, while in Paso Robles, it is 9.8% lower than that. However, the local cost of living in Paso Robles is 25% higher than the average cost of living in the United States, which is $2,046.
What Can You Do to Help Offset the Rising Cost of Utility?
You've guessed it, going solar. Find out how going green in your area will save you money by going solar in 2024. Many Californians are converting to solar to help offset their electricity usage. With many loan and leasing options available through Sun Solar, going solar is affordable upon contrary belief due to false or irresponsibly written articles inducing fear tactics to keep homeowners to stay with their utility providers.
The clean energy created can offset the costs associated with your electricity usage at home. As a result, you'll likely end up paying less over time, allowing you to recuperate your costs for your investment.
Contact us to speak with a solar educator and learn more about your potential savings with a hassle-free quote on a SunPower 25-year warranty system. Call (661) 535-0795Â or visit our website here.