Cost of living in Norco 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 Norco 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 Norco is 145, with 100 being the average.
The cost of living index in Norco is 1.4x higher than the national average.
Norco ranks as the #391 cheapest in California out of 635.
Norco ranks as the #5,721 cheapest out of 6,412 in the US.
The median home value in Norco is $594,800.
The median income in Norco is $115,619.
According to the most recent data on the cost of living, Norco has an overall cost of living index of 145, which is 1.4x higher than the national index of 100.
Compared to California, Norco has a cost of living index that's 1.0x higher than California's index of 139.
The standard of living in Norco ranks as #391 most affordable out of the 635 places we measured in California. By definition, that implies Norco ranks as the #244 most expensive place in the Golden State.
For more reading on life in Norco, check out:
Six factors go into calculating the cost of living index in Norco. Here is how it fairs on each of the criteria:
The Services index in Norco is 113.
The Groceries index in Norco is 112.
The Health index in Norco is 105.
The Housing index in Norco is 228.
The Transportation index in Norco is 135.
The Utilities index in Norco is 89.
|Living Expense||Norco||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 Norco is $594,800.
The Median Rent in Norco is $1,792.
The Median Income in Norco is $115,619.
The Home Value To Income in Norco is 5.1x.
The Rent To Monthly Income in Norco is 0.19x.
|Median Home Value||$594,800||$573,200||$244,900|
|Home Value To Income||5.1x||6.8x||3.5x|
|Rent To Monthly Income||0.19x||0.24x||0.2x|
The cost of living varies in the cities and towns around Norco. Here's a quick look at the cost of living in the most populous nearby places:
Riverside, CA has a cost of living index of 124, 0.9x Norco.
Ontario, CA has a cost of living index of 124, 0.9x Norco.
Rancho Cucamonga, CA has a cost of living index of 142, 1.0x Norco.
|City||Population||Cost Of Living||Vs. Norco|
|Rancho Cucamonga, CA||173,946||142||1.0x|
|Jurupa Valley, CA||104,684||122||0.8x|
|Lake Forest, CA||85,516||159||1.1x|
|Yorba Linda, CA||68,319||181||1.2x|
|Diamond Bar, CA||55,339||165||1.1x|