Banning, CA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Banning, CA Summary

Cost of living in Banning 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 Banning 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 Banning is 109, with 100 being the average.

  • The cost of living index in Banning is 1.1x higher than the national average.

  • Banning ranks as the #107 cheapest in California out of 635.

  • Banning ranks as the #4,038 cheapest out of 6,412 in the US.

  • The median home value in Banning is $255,300.

  • The median income in Banning is $46,834.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
109
Banning's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Banning, CA?

According to the most recent data on the cost of living, Banning has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.

Compared to California, Banning has a cost of living index that's 0.8x lower than California's index of 139.

The standard of living in Banning ranks as #107 most affordable out of the 635 places we measured in California. By definition, that implies Banning ranks as the #528 most expensive place in the Golden State.

For more reading on life in Banning, check out:

107 out of 635
In California
4,038 out of 6,412
In America

Banning Cost Of Living Vs. California

Six factors go into calculating the cost of living index in Banning. Here is how it fairs on each of the criteria:

  • The Services index in Banning is 111.

  • The Groceries index in Banning is 114.

  • The Health index in Banning is 107.

  • The Housing index in Banning is 97.

  • The Transportation index in Banning is 135.

  • The Utilities index in Banning is 91.

Living Expense Banning California National Average
Overall 109 139 100
Services 111 110 100
Groceries 114 112 100
Health 107 109 100
Housing 97 204 100
Transportation 135 126 100
Utilities 91 124 100
For more reading on cost of living around California, check out:
Banning Cost of Living Vs. CA

Banning, CA Housing Cost Breakdown

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 Banning is $255,300.

  • The Median Rent in Banning is $1,217.

  • The Median Income in Banning is $46,834.

  • The Home Value To Income in Banning is 5.5x.

  • The Rent To Monthly Income in Banning is 0.31x.

Statistic Banning California United States
Median Home Value $255,300 $573,200 $244,900
Median Rent $1,217 $1,698 $1,163
Median Income $46,834 $84,097 $69,021
Home Value To Income 5.5x 6.8x 3.5x
Rent To Monthly Income 0.31x 0.24x 0.2x
Search Homes For Sale In Banning, CA
$255,300
Median Home Value
$1,217
Median Rent
$46,834
Median Income

Banning, CA Costs By Category

Detailed Banning Services Costs Vs. California

Item Banning California
Shampoo $1.17 $1.06
Movie $14.48 $10.68
Bowling $24.56 $14.67
Haircut $22.6 $18.62
Beauty Salon $66.25 $39.05

Detailed Banning Groceries Costs Vs. California

Item Banning California
Ground Beef $4.58 $4.22
Fried Chicken $1.72 $1.39
Milk $2.19 $2.05
Potatoes $2.99 $3.29
Pizza $11.66 $10.62
Beer $9.82 $9.38
Toothpaste $2.48 $2.34

Detailed Banning Health Costs Vs. California

Item Banning California
Optometrist $106.53 $108.57
Doctor $100.28 $116.17
Dentist $114.52 $99.13

Detailed Banning Transportation Costs Vs. California

Item Banning California
Gasoline $3.32 $2.22
Tire Balancing $52.6 $50.07

Detailed Banning Utilities Costs Vs. California

Item Banning California
All Electricity $138.7 $167.67
Phone $176.01 $175.64

Banning SnackAbility

5
/10
Overall SnackAbility
Jobs
4/10
Housing
8.5
Affordability
3
Diversity
9.5
Safety
6
Amenities
8.5
Education
5
Commute
6

Cost Of Living In Cities Around Banning

The cost of living varies in the cities and towns around Banning. Here's a quick look at the cost of living in the most populous nearby places:

  • Moreno Valley, CA has a cost of living index of 119, 1.1x Banning.

  • Redlands, CA has a cost of living index of 128, 1.2x Banning.

  • Highland, CA has a cost of living index of 120, 1.1x Banning.

City Population Cost Of Living Vs. Banning
Moreno Valley, CA 208,371 119 1.1x
Redlands, CA 72,649 128 1.2x
Highland, CA 56,733 120 1.1x
Yucaipa, CA 54,312 116 1.1x
San Jacinto, CA 53,299 105 1.0x
Beaumont, CA 52,081 119 1.1x
East Hemet, CA 19,998 110 1.0x
Valle Vista, CA 19,550 104 1.0x
Calimesa, CA 10,053 109 1.0x
Mentone, CA 9,708 116 1.1x

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