Cost of living in Charter Oak 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 Charter Oak 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 Charter Oak is 134, with 100 being the average.
The cost of living index in Charter Oak is 1.3x higher than the national average.
Charter Oak ranks as the #312 cheapest in California out of 635.
Charter Oak ranks as the #5,400 cheapest out of 6,412 in the US.
The median home value in Charter Oak is $513,200.
The median income in Charter Oak is $77,637.
According to the most recent data on the cost of living, Charter Oak has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to California, Charter Oak has a cost of living index that's 1.0x lower than California's index of 139.
The standard of living in Charter Oak ranks as #312 most affordable out of the 635 places we measured in California. By definition, that implies Charter Oak ranks as the #323 most expensive place in the Golden State.
For more reading on life in Charter Oak, check out:
Six factors go into calculating the cost of living index in Charter Oak. Here is how it fairs on each of the criteria:
The Services index in Charter Oak is 111.
The Groceries index in Charter Oak is 116.
The Health index in Charter Oak is 105.
The Housing index in Charter Oak is 181.
The Transportation index in Charter Oak is 134.
The Utilities index in Charter Oak is 89.
|Living Expense||Charter Oak||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 Charter Oak is $513,200.
The Median Rent in Charter Oak is $1,753.
The Median Income in Charter Oak is $77,637.
The Home Value To Income in Charter Oak is 6.6x.
The Rent To Monthly Income in Charter Oak is 0.27x.
|Statistic||Charter Oak||California||United States|
|Median Home Value||$513,200||$573,200||$244,900|
|Home Value To Income||6.6x||6.8x||3.5x|
|Rent To Monthly Income||0.27x||0.24x||0.2x|
The cost of living varies in the cities and towns around Charter Oak. Here's a quick look at the cost of living in the most populous nearby places:
West Covina, CA has a cost of living index of 143, 1.1x Charter Oak.
Yorba Linda, CA has a cost of living index of 181, 1.4x Charter Oak.
Glendora, CA has a cost of living index of 147, 1.1x Charter Oak.
|City||Population||Cost Of Living||Vs. Charter Oak|
|West Covina, CA||109,396||143||1.1x|
|Yorba Linda, CA||68,319||181||1.4x|
|La Mirada, CA||47,957||147||1.1x|
|San Dimas, CA||34,775||147||1.1x|
|La Verne, CA||31,423||150||1.1x|