‘Hidden’ homeownership expenses increased 32% in California, study says

While purchasing a home in California is expensive, upkeep expenses can be just as costly. A new study from Bankrate mapped out how much homeowners in all 50 states pay for annual home maintenance. In the Golden State, the average homeowner pays about $28,790 per year in homeownership costs, which includes property taxes, homeowner insurance, cable and internet and annual energy bills, according to a study. The $28,790 price tag is a 32% increase from 2020, mainly due to rising …