Cost of living in Fresno 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 Fresno 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 Fresno is 100, with 100 being the average.
The cost of living index in Fresno is 1.0x lower than the national average.
Fresno ranks as the #33 cheapest in California out of 635.
Fresno ranks as the #3,149 cheapest out of 6,412 in the US.
The median home value in Fresno is $273,900.
The median income in Fresno is $57,211.
According to the most recent data on the cost of living, Fresno has an overall cost of living index of 100, which is 1.0x lower than the national index of 100.
Compared to California, Fresno has a cost of living index that's 0.7x lower than California's index of 139.
The standard of living in Fresno ranks as #33 most affordable out of the 635 places we measured in California. By definition, that implies Fresno ranks as the #602 most expensive place in the Golden State.
For more reading on life in Fresno, check out:
Six factors go into calculating the cost of living index in Fresno. Here is how it fairs on each of the criteria:
The Services index in Fresno is 89.
The Groceries index in Fresno is 106.
The Health index in Fresno is 111.
The Housing index in Fresno is 99.
The Transportation index in Fresno is 112.
The Utilities index in Fresno is 130.
|Living Expense||Fresno||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 Fresno is $273,900.
The Median Rent in Fresno is $1,115.
The Median Income in Fresno is $57,211.
The Home Value To Income in Fresno is 4.8x.
The Rent To Monthly Income in Fresno is 0.23x.
|Median Home Value||$273,900||$573,200||$244,900|
|Home Value To Income||4.8x||6.8x||3.5x|
|Rent To Monthly Income||0.23x||0.24x||0.2x|
The cost of living varies in the cities and towns around Fresno. Here's a quick look at the cost of living in the most populous nearby places:
Clovis, CA has a cost of living index of 110, 1.1x Fresno.
Sanger, CA has a cost of living index of 110, 1.1x Fresno.
Selma, CA has a cost of living index of 108, 1.1x Fresno.