Cost of living in Folsom 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 Folsom 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 Folsom is 144, with 100 being the average.
The cost of living index in Folsom is 1.4x higher than the national average.
Folsom ranks as the #386 cheapest in California out of 635.
Folsom ranks as the #5,704 cheapest out of 6,412 in the US.
The median home value in Folsom is $598,100.
The median income in Folsom is $128,421.
According to the most recent data on the cost of living, Folsom has an overall cost of living index of 144, which is 1.4x higher than the national index of 100.
Compared to California, Folsom has a cost of living index that's 1.0x higher than California's index of 139.
The standard of living in Folsom ranks as #386 most affordable out of the 635 places we measured in California. By definition, that implies Folsom ranks as the #249 most expensive place in the Golden State.
For more reading on life in Folsom, check out:
Six factors go into calculating the cost of living index in Folsom. Here is how it fairs on each of the criteria:
The Services index in Folsom is 115.
The Groceries index in Folsom is 107.
The Health index in Folsom is 123.
The Housing index in Folsom is 212.
The Transportation index in Folsom is 133.
The Utilities index in Folsom is 111.
|Living Expense||Folsom||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 Folsom is $598,100.
The Median Rent in Folsom is $1,944.
The Median Income in Folsom is $128,421.
The Home Value To Income in Folsom is 4.7x.
The Rent To Monthly Income in Folsom is 0.18x.
|Median Home Value||$598,100||$573,200||$244,900|
|Home Value To Income||4.7x||6.8x||3.5x|
|Rent To Monthly Income||0.18x||0.24x||0.2x|
The cost of living varies in the cities and towns around Folsom. Here's a quick look at the cost of living in the most populous nearby places:
Citrus Heights, CA has a cost of living index of 117, 0.8x Folsom.
Rancho Cordova, CA has a cost of living index of 117, 0.8x Folsom.
Carmichael, CA has a cost of living index of 124, 0.9x Folsom.
|City||Population||Cost Of Living||Vs. Folsom|
|Citrus Heights, CA||87,521||117||0.8x|
|Rancho Cordova, CA||78,358||117||0.8x|
|El Dorado Hills, CA||48,612||163||1.1x|
|Fair Oaks, CA||31,750||134||0.9x|