Palos Verdes Estates, CA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 293, with 100 being the average.

  • The cost of living index in Palos Verdes Estates is 2.9x higher than the national average.

  • Palos Verdes Estates ranks as the #623 cheapest in California out of 635.

  • Palos Verdes Estates ranks as the #6,399 cheapest out of 6,412 in the US.

  • The median home value in Palos Verdes Estates is $2,000,001.

  • The median income in Palos Verdes Estates is $202,569.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
293
Palos Verdes Estates's Overall Cost Of Living
2.9x
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 293, which is 2.9x higher than the national index of 100.

Compared to California, Palos Verdes Estates has a cost of living index that's 2.1x higher than California's index of 139.

The standard of living in Palos Verdes Estates ranks as #623 most affordable out of the 635 places we measured in California. By definition, that implies Palos Verdes Estates ranks as the #12 most expensive place in the Golden State.

For more reading on life in Palos Verdes Estates, check out:

623 out of 635
In California
6,399 out of 6,412
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 116.

  • The Groceries index in Palos Verdes Estates is 116.

  • The Health index in Palos Verdes Estates is 110.

  • The Housing index in Palos Verdes Estates is 700.

  • The Transportation index in Palos Verdes Estates is 134.

  • The Utilities index in Palos Verdes Estates is 106.

Living Expense Palos Verdes Estates California National Average
Overall 293 139 100
Services 116 110 100
Groceries 116 112 100
Health 110 109 100
Housing 700 204 100
Transportation 134 126 100
Utilities 106 124 100
For more reading on cost of living around California, check out:
Palos Verdes Estates Cost of Living Vs. CA

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 2017-2021. The key points are:

  • The Median Home Value in Palos Verdes Estates is $2,000,001.

  • The Median Rent in Palos Verdes Estates is $2,821.

  • The Median Income in Palos Verdes Estates is $202,569.

  • The Home Value To Income in Palos Verdes Estates is 9.9x.

  • The Rent To Monthly Income in Palos Verdes Estates is 0.17x.

Statistic Palos Verdes Estates California United States
Median Home Value $2,000,001 $573,200 $244,900
Median Rent $2,821 $1,698 $1,163
Median Income $202,569 $84,097 $69,021
Home Value To Income 9.9x 6.8x 3.5x
Rent To Monthly Income 0.17x 0.24x 0.2x
Search Homes For Sale In Palos Verdes Estates, CA
$2,000,001
Median Home Value
$2,821
Median Rent
$202,569
Median Income

Palos Verdes Estates, CA Costs By Category

Detailed Palos Verdes Estates Services Costs Vs. California

Item Palos Verdes Estates California
Shampoo $1.17 $1.06
Movie $16.3 $10.68
Bowling $21.33 $14.67
Haircut $22.57 $18.62
Beauty Salon $76.5 $39.05

Detailed Palos Verdes Estates Groceries Costs Vs. California

Item Palos Verdes Estates California
Ground Beef $4.58 $4.22
Fried Chicken $1.72 $1.39
Milk $2.19 $2.05
Potatoes $2.99 $3.29
Pizza $11.66 $10.62
Beer $9.82 $9.38
Toothpaste $2.51 $2.34

Detailed Palos Verdes Estates Health Costs Vs. California

Item Palos Verdes Estates California
Optometrist $125.58 $108.57
Doctor $125.0 $116.17
Dentist $110.78 $99.13

Detailed Palos Verdes Estates Transportation Costs Vs. California

Item Palos Verdes Estates California
Gasoline $3.31 $2.22
Tire Balancing $50.62 $50.07

Detailed Palos Verdes Estates Utilities Costs Vs. California

Item Palos Verdes Estates California
All Electricity $185.68 $167.67
Phone $189.51 $175.64

Palos Verdes Estates SnackAbility

10
/10
Overall SnackAbility
Jobs
9.5/10
Housing
10
Affordability
6
Diversity
8.5
Safety
9
Amenities
9
Education
10
Commute
3

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 171, 0.6x Palos Verdes Estates.

  • Lakewood, CA has a cost of living index of 143, 0.5x Palos Verdes Estates.

  • Redondo Beach, CA has a cost of living index of 189, 0.6x Palos Verdes Estates.

City Population Cost Of Living Vs. Palos Verdes Estates
Torrance, CA 147,156 171 0.6x
Lakewood, CA 82,419 143 0.5x
Redondo Beach, CA 70,998 189 0.6x
Cerritos, CA 49,630 169 0.6x
Rancho Palos Verdes, CA 42,316 217 0.7x
Manhattan Beach, CA 35,585 278 0.9x
Lawndale, CA 32,035 141 0.5x
West Carson, CA 22,024 141 0.5x
Lomita, CA 20,884 153 0.5x
Hermosa Beach, CA 19,787 232 0.8x

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