Cost of living in Bakersfield research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bakersfield is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bakersfield is 117, with 100 being the average.
The cost of living index in Bakersfield is 1.2x higher than the national average.
Bakersfield ranks as the #170 cheapest in California out of 635.
Bakersfield ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Bakersfield is $272,000.
The median income in Bakersfield is $69,014.
According to the most recent data on the cost of living, Bakersfield has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to California, Bakersfield has a cost of living index that's 0.8x lower than California's index of 139.
The standard of living in Bakersfield ranks as #170 most affordable out of the 635 places we measured in California. By definition, that implies Bakersfield ranks as the #465 most expensive place in the Golden State.
For more reading on life in Bakersfield, check out:
Six factors go into calculating the cost of living index in Bakersfield. Here is how it fairs on each of the criteria:
The Services index in Bakersfield is 103.
The Groceries index in Bakersfield is 102.
The Health index in Bakersfield is 109.
The Housing index in Bakersfield is 113.
The Transportation index in Bakersfield is 130.
The Utilities index in Bakersfield is 168.
|Living Expense||Bakersfield||California||National Average|
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Bakersfield is $272,000.
The Median Rent in Bakersfield is $1,177.
The Median Income in Bakersfield is $69,014.
The Home Value To Income in Bakersfield is 3.9x.
The Rent To Monthly Income in Bakersfield is 0.2x.
|Median Home Value||$272,000||$573,200||$244,900|
|Home Value To Income||3.9x||6.8x||3.5x|
|Rent To Monthly Income||0.2x||0.24x||0.2x|
The cost of living varies in the cities and towns around Bakersfield. Here's a quick look at the cost of living in the most populous nearby places:
Oildale, CA has a cost of living index of 103, 0.9x Bakersfield.
Shafter, CA has a cost of living index of 106, 0.9x Bakersfield.
Arvin, CA has a cost of living index of 101, 0.9x Bakersfield.