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Santa Cruz is nice but expensive. The rent you quoted means you'll be sharing housing with housemates. It's rare to find a studio in that price range and when you do it's often a converted garage of chicken coop or something. Utilities are off. You often have to pay for garbage/water/sewage, then there's gas/electricity which is often high in winter and then most common households have internet/cable wireless, etc. I'd plan $125-$150 for utililities average in SC. Lots of people bike in SC but lots of people get hit by cars as well. There are some real danger zones, Mission Street is one of them. If you move to SC, avoid that street, avoid mission and Bay intersection. 2 bikers got flattened there last year.
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