Palos Verdes Estates, CA Cost Of Living
Cost Of Living In Palos Verdes Estates, CA Summary
Cost of living in Palos Verdes Estates 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 Palos Verdes Estates 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 Palos Verdes Estates is 329, with 100 being the average.
The cost of living index in Palos Verdes Estates is 3.3x higher than the national average.
Palos Verdes Estates ranks as the #617 cheapest in California out of 634.
Palos Verdes Estates ranks as the #6,472 cheapest out of 6,489 in the US.
The median home value in Palos Verdes Estates is $2,688,953.
The median income in Palos Verdes Estates is $247,500.
Table Of Contents
Palos Verdes Estates's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Palos Verdes Estates, CA?
According to the most recent data on the cost of living, Palos Verdes Estates has an overall cost of living index of 329, which is 3.3x higher than the national index of 100.
Compared to California, Palos Verdes Estates has a cost of living index that's 2.3x higher than California's index of 141.
The standard of living in Palos Verdes Estates ranks as #617 most affordable out of the 634 places we measured in California. By definition, that implies Palos Verdes Estates ranks as the #17 most expensive place in the Golden State.
For more reading on life in Palos Verdes Estates, check out:
In California
In America
Palos Verdes Estates Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Palos Verdes Estates. Here is how it fairs on each of the criteria:
The Services index in Palos Verdes Estates is 117.
The Groceries index in Palos Verdes Estates is 112.
The Health index in Palos Verdes Estates is 107.
The Housing index in Palos Verdes Estates is 820.
The Transportation index in Palos Verdes Estates is 126.
The Utilities index in Palos Verdes Estates is 114.
| Living Expense | Palos Verdes Estates | California | National Average | |
|---|---|---|---|---|
| Overall | 329 | 141 | 100 | |
| Services | 117 | 110 | 100 | |
| Groceries | 112 | 112 | 100 | |
| Health | 107 | 110 | 100 | |
| Housing | 820 | 195 | 100 | |
| Transportation | 126 | 125 | 100 | |
| Utilities | 114 | 128 | 100 | |
Palos Verdes Estates, 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 Palos Verdes Estates is $2,688,953.
The Median Rent in Palos Verdes Estates is $3,331.
The Median Income in Palos Verdes Estates is $247,500.
The Home Value To Income in Palos Verdes Estates is 10.9x.
The Rent To Monthly Income in Palos Verdes Estates is 0.16x.
| Statistic | Palos Verdes Estates | California | United States |
|---|---|---|---|
| Median Home Value | $2,688,953 | $763,287 | $303,400 |
| Median Rent | $3,331 | $1,956 | $1,348 |
| Median Income | $247,500 | $96,334 | $78,538 |
| Home Value To Income | 10.9x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Palos Verdes Estates, CA Costs By Category
Detailed Palos Verdes Estates Services Costs Vs. California
| Item | Palos Verdes Estates | California |
|---|---|---|
| Shampoo | $1.41 | $1.28 |
| Movie | $13.46 | $12.13 |
| Bowling | $19.07 | $18 |
| Haircut | $24.67 | $24.26 |
| Beauty Salon | $49.33 | $45.56 |
Detailed Palos Verdes Estates Groceries Costs Vs. California
| Item | Palos Verdes Estates | California |
|---|---|---|
| Ground Beef | $6.26 | $5.84 |
| Fried Chicken | $2.08 | $1.57 |
| Milk | $4.76 | $4.67 |
| Potatoes | $4.94 | $4.93 |
| Pizza | $16.13 | $12.09 |
| Beer | $9.6 | $10.41 |
| Toothpaste | $3.76 | $3.7 |
Detailed Palos Verdes Estates Health Costs Vs. California
| Item | Palos Verdes Estates | California |
|---|---|---|
| Optometrist | $129.09 | $125.68 |
| Doctor | $119.86 | $135.78 |
| Dentist | $108.07 | $113.29 |
Detailed Palos Verdes Estates Transportation Costs Vs. California
| Item | Palos Verdes Estates | California |
|---|---|---|
| Gasoline | $4.47 | $3.46 |
| Tire Balancing | $58.33 | $59.92 |
Detailed Palos Verdes Estates Utilities Costs Vs. California
| Item | Palos Verdes Estates | California |
|---|---|---|
| All Electricity | $326.49 | $193.99 |
| Phone | $182.78 | $192.25 |
Palos Verdes Estates SnackAbility
/10
Cost Of Living In Cities Around Palos Verdes Estates
The cost of living varies in the cities and towns around Palos Verdes Estates. Here's a quick look at the cost of living in the most populous nearby places:
Torrance, CA has a cost of living index of 190, 0.6x Palos Verdes Estates.
Lakewood, CA has a cost of living index of 164, 0.5x Palos Verdes Estates.
Redondo Beach, CA has a cost of living index of 212, 0.6x Palos Verdes Estates.
| City | Population | Cost Of Living | Vs. Palos Verdes Estates |
|---|---|---|---|
| Torrance, CA | 143,499 | 190 | 0.6x |
| Lakewood, CA | 80,510 | 164 | 0.5x |
| Redondo Beach, CA | 69,814 | 212 | 0.6x |
| Cerritos, CA | 48,340 | 181 | 0.6x |
| Rancho Palos Verdes, CA | 41,259 | 244 | 0.7x |
| Manhattan Beach, CA | 34,584 | 334 | 1.0x |
| Lawndale, CA | 31,113 | 160 | 0.5x |
| West Carson, CA | 21,909 | 153 | 0.5x |
| Lomita, CA | 20,409 | 163 | 0.5x |
| Hermosa Beach, CA | 19,248 | 291 | 0.9x |
