Cost of living in Hemet 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 Hemet 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 Hemet is 105, with 100 being the average.
The cost of living index in Hemet is 1.1x higher than the national average.
Hemet ranks as the #71 cheapest in California out of 635.
Hemet ranks as the #3,676 cheapest out of 6,412 in the US.
The median home value in Hemet is $226,000.
The median income in Hemet is $46,194.
According to the most recent data on the cost of living, Hemet has an overall cost of living index of 105, which is 1.1x higher than the national index of 100.
Compared to California, Hemet has a cost of living index that's 0.8x lower than California's index of 139.
The standard of living in Hemet ranks as #71 most affordable out of the 635 places we measured in California. By definition, that implies Hemet ranks as the #564 most expensive place in the Golden State.
For more reading on life in Hemet, check out:
Six factors go into calculating the cost of living index in Hemet. Here is how it fairs on each of the criteria:
The Services index in Hemet is 115.
The Groceries index in Hemet is 114.
The Health index in Hemet is 106.
The Housing index in Hemet is 83.
The Transportation index in Hemet is 137.
The Utilities index in Hemet is 89.
|Living Expense||Hemet||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 Hemet is $226,000.
The Median Rent in Hemet is $1,220.
The Median Income in Hemet is $46,194.
The Home Value To Income in Hemet is 4.9x.
The Rent To Monthly Income in Hemet is 0.32x.
|Median Home Value||$226,000||$573,200||$244,900|
|Home Value To Income||4.9x||6.8x||3.5x|
|Rent To Monthly Income||0.32x||0.24x||0.2x|
The cost of living varies in the cities and towns around Hemet. 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 Hemet.
Murrieta, CA has a cost of living index of 130, 1.2x Hemet.
Temecula, CA has a cost of living index of 135, 1.3x Hemet.
|City||Population||Cost Of Living||Vs. Hemet|
|Moreno Valley, CA||208,371||119||1.1x|
|San Jacinto, CA||53,299||105||1.0x|
|French Valley, CA||40,188||136||1.3x|
|Mead Valley, CA||20,698||118||1.1x|
|East Hemet, CA||19,998||110||1.0x|
|Valle Vista, CA||19,550||104||1.0x|
|Canyon Lake, CA||11,071||138||1.3x|