What is the cost of living in Paramount, CA?
According to the most recent data on the cost of living, Paramount has an overall cost of living index of 140, which is 1.4x higher than the national index of 100.
Compared to California, Paramount has a cost of living index that's 1.0x lower than California's index of 142.
The standard of living in Paramount ranks as #234 most affordable out of the 634 places we measured in California. By definition, that implies Paramount ranks as the #400 most expensive place in the Golden State.
For more reading on life in Paramount, check out:
Paramount Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Paramount. Here is how it fares on each of the criteria:
The Services index in Paramount is 112.
The Groceries index in Paramount is 111.
The Health index in Paramount is 201.
The Housing index in Paramount is 119.
The Transportation index in Paramount is 122.
The Utilities index in Paramount is 125.
| Living Expense | Paramount | California | National Average |
|---|---|---|---|
| Overall | 140 | 142 | 100 |
| Services | 112 | 110 | 100 |
| Groceries | 111 | 118 | 100 |
| Health | 201 | 197 | 100 |
| Housing | 119 | 120 | 100 |
| Transportation | 122 | 121 | 100 |
| Utilities | 125 | 121 | 100 |
Paramount Cost Of Living Compared To California Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around California, check out:
Protect your home budget Compare home warranties in Paramount Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Paramount, 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 2020-2024. The key points are:
The Median Home Value in Paramount is $648,286.
The Median Rent in Paramount is $1,875.
The Median Income in Paramount is $75,250.
The Home Value To Income in Paramount is 8.6x.
The Rent To Monthly Income in Paramount is 0.3x.
| Statistic | Paramount | California | United States |
|---|---|---|---|
| Median Home Value | $648,286 | $774,581 | $332,700 |
| Median Rent | $1,875 | $2,036 | $1,413 |
| Median Income | $75,250 | $99,122 | $80,734 |
| Home Value To Income | 8.6x | 7.8x | 4.1x |
| Rent To Monthly Income | 0.3x | 0.25x | 0.21x |
Paramount, CA Costs By Category
Detailed Paramount Services costs vs. California
| Item | Paramount | 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 Paramount Groceries costs vs. California
| Item | Paramount | 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 Paramount Health costs vs. California
| Item | Paramount | California |
|---|---|---|
| Optometrist | $129.09 | $125.68 |
| Doctor | $119.86 | $135.78 |
| Dentist | $108.07 | $113.29 |
Detailed Paramount Transportation costs vs. California
| Item | Paramount | California |
|---|---|---|
| Gasoline | $4.47 | $3.46 |
| Tire Balancing | $58.33 | $59.92 |
Detailed Paramount Utilities costs vs. California
| Item | Paramount | California |
|---|---|---|
| All Electricity | $326.49 | $193.99 |
| Phone | $182.78 | $192.25 |
Paramount SnackAbility
Cost Of Living In Cities Around Paramount
The cost of living varies in the cities and towns around Paramount. Here's a quick look at the cost of living in the most populous nearby places:
Downey, CA has a cost of living index of 163, 1.2x Paramount.
Compton, CA has a cost of living index of 139, 1.0x Paramount.
South Gate, CA has a cost of living index of 145, 1.0x Paramount.
| City | Population | Cost Of Living | Vs. Paramount |
|---|---|---|---|
| Downey, CA | 110,939 | 163 | 1.2x |
| Compton, CA | 92,698 | 139 | 1.0x |
| South Gate, CA | 91,483 | 145 | 1.0x |
| Lakewood, CA | 79,850 | 166 | 1.2x |
| Bellflower, CA | 76,819 | 151 | 1.1x |
| Lynwood, CA | 64,578 | 144 | 1.0x |
| Cypress, CA | 49,498 | 178 | 1.3x |
| La Mirada, CA | 47,180 | 167 | 1.2x |
| Bell Gardens, CA | 38,229 | 138 | 1.0x |
| West Puente Valley, CA | 22,495 | 148 | 1.1x |
