Hanford, CA Cost Of Living
Cost Of Living In Hanford, CA Summary
Cost of living in Hanford 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 Hanford 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 Hanford is 118, with 100 being the average.
The cost of living index in Hanford is 1.2x higher than the national average.
Hanford ranks as the #103 cheapest in California out of 634.
Hanford ranks as the #4,280 cheapest out of 6,489 in the US.
The median home value in Hanford is $373,303.
The median income in Hanford is $73,544.
Table Of Contents
Hanford's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Hanford, CA?
According to the most recent data on the cost of living, Hanford has an overall cost of living index of 118, which is 1.2x higher than the national index of 100.
Compared to California, Hanford has a cost of living index that's 0.8x lower than California's index of 141.
The standard of living in Hanford ranks as #103 most affordable out of the 634 places we measured in California. By definition, that implies Hanford ranks as the #531 most expensive place in the Golden State.
For more reading on life in Hanford, check out:
In California
In America
Hanford Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Hanford. Here is how it fairs on each of the criteria:
The Services index in Hanford is 107.
The Groceries index in Hanford is 107.
The Health index in Hanford is 94.
The Housing index in Hanford is 121.
The Transportation index in Hanford is 127.
The Utilities index in Hanford is 156.
| Living Expense | Hanford | California | National Average | |
|---|---|---|---|---|
| Overall | 118 | 141 | 100 | |
| Services | 107 | 110 | 100 | |
| Groceries | 107 | 112 | 100 | |
| Health | 94 | 110 | 100 | |
| Housing | 121 | 195 | 100 | |
| Transportation | 127 | 125 | 100 | |
| Utilities | 156 | 128 | 100 | |
Hanford, 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 2019-2023. The key points are:
The Median Home Value in Hanford is $373,303.
The Median Rent in Hanford is $1,196.
The Median Income in Hanford is $73,544.
The Home Value To Income in Hanford is 5.1x.
The Rent To Monthly Income in Hanford is 0.2x.
| Statistic | Hanford | California | United States |
|---|---|---|---|
| Median Home Value | $373,303 | $763,287 | $303,400 |
| Median Rent | $1,196 | $1,956 | $1,348 |
| Median Income | $73,544 | $96,334 | $78,538 |
| Home Value To Income | 5.1x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Hanford, CA Costs By Category
Detailed Hanford Services Costs Vs. California
| Item | Hanford | California |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $18.12 | $12.13 |
| Bowling | $22.67 | $18 |
| Haircut | $26.25 | $24.26 |
| Beauty Salon | $89.33 | $45.56 |
Detailed Hanford Groceries Costs Vs. California
| Item | Hanford | California |
|---|---|---|
| Ground Beef | $5.77 | $5.84 |
| Fried Chicken | $2.63 | $1.57 |
| Milk | $4.91 | $4.67 |
| Potatoes | $4.9 | $4.93 |
| Pizza | $13.49 | $12.09 |
| Beer | $11.13 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Hanford Health Costs Vs. California
| Item | Hanford | California |
|---|---|---|
| Optometrist | $142.2 | $125.68 |
| Doctor | $131.33 | $135.78 |
| Dentist | $131.5 | $113.29 |
Detailed Hanford Transportation Costs Vs. California
| Item | Hanford | California |
|---|---|---|
| Gasoline | $4.62 | $3.46 |
| Tire Balancing | $61.0 | $59.92 |
Detailed Hanford Utilities Costs Vs. California
| Item | Hanford | California |
|---|---|---|
| All Electricity | $231.4 | $193.99 |
| Phone | $193.81 | $192.25 |
Hanford SnackAbility
/10
Cost Of Living In Cities Around Hanford
The cost of living varies in the cities and towns around Hanford. Here's a quick look at the cost of living in the most populous nearby places:
Visalia, CA has a cost of living index of 120, 1.0x Hanford.
Tulare, CA has a cost of living index of 116, 1.0x Hanford.
Lemoore, CA has a cost of living index of 118, 1.0x Hanford.
| City | Population | Cost Of Living | Vs. Hanford |
|---|---|---|---|
| Visalia, CA | 142,649 | 120 | 1.0x |
| Tulare, CA | 69,984 | 116 | 1.0x |
| Lemoore, CA | 27,023 | 118 | 1.0x |
| Selma, CA | 24,586 | 113 | 1.0x |
| Corcoran, CA | 22,626 | 105 | 0.9x |
| Kingsburg, CA | 12,589 | 124 | 1.1x |
| Lemoore Station, CA | 5,847 | 128 | 1.1x |
