Rancho Palos Verdes, CA Cost Of Living
Cost Of Living In Rancho Palos Verdes, CA Summary
Cost of living in Rancho Palos Verdes 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 Rancho Palos Verdes 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 Rancho Palos Verdes is 244, with 100 being the average.
The cost of living index in Rancho Palos Verdes is 2.4x higher than the national average.
Rancho Palos Verdes ranks as the #585 cheapest in California out of 634.
Rancho Palos Verdes ranks as the #6,426 cheapest out of 6,489 in the US.
The median home value in Rancho Palos Verdes is $1,791,757.
The median income in Rancho Palos Verdes is $175,307.
Table Of Contents
Rancho Palos Verdes's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Rancho Palos Verdes, CA?
According to the most recent data on the cost of living, Rancho Palos Verdes has an overall cost of living index of 244, which is 2.4x higher than the national index of 100.
Compared to California, Rancho Palos Verdes has a cost of living index that's 1.7x higher than California's index of 141.
The standard of living in Rancho Palos Verdes ranks as #585 most affordable out of the 634 places we measured in California. By definition, that implies Rancho Palos Verdes ranks as the #49 most expensive place in the Golden State.
For more reading on life in Rancho Palos Verdes, check out:
In California
In America
Rancho Palos Verdes Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Rancho Palos Verdes. Here is how it fairs on each of the criteria:
The Services index in Rancho Palos Verdes is 116.
The Groceries index in Rancho Palos Verdes is 113.
The Health index in Rancho Palos Verdes is 110.
The Housing index in Rancho Palos Verdes is 549.
The Transportation index in Rancho Palos Verdes is 125.
The Utilities index in Rancho Palos Verdes is 112.
| Living Expense | Rancho Palos Verdes | California | National Average | |
|---|---|---|---|---|
| Overall | 244 | 141 | 100 | |
| Services | 116 | 110 | 100 | |
| Groceries | 113 | 112 | 100 | |
| Health | 110 | 110 | 100 | |
| Housing | 549 | 195 | 100 | |
| Transportation | 125 | 125 | 100 | |
| Utilities | 112 | 128 | 100 | |
Rancho Palos Verdes, 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 Rancho Palos Verdes is $1,791,757.
The Median Rent in Rancho Palos Verdes is $3,501.
The Median Income in Rancho Palos Verdes is $175,307.
The Home Value To Income in Rancho Palos Verdes is 10.2x.
The Rent To Monthly Income in Rancho Palos Verdes is 0.24x.
| Statistic | Rancho Palos Verdes | California | United States |
|---|---|---|---|
| Median Home Value | $1,791,757 | $763,287 | $303,400 |
| Median Rent | $3,501 | $1,956 | $1,348 |
| Median Income | $175,307 | $96,334 | $78,538 |
| Home Value To Income | 10.2x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.24x | 0.21x |
Median Home Value
Median Rent
Median Income
Rancho Palos Verdes, CA Costs By Category
Detailed Rancho Palos Verdes Services Costs Vs. California
| Item | Rancho Palos Verdes | 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 Rancho Palos Verdes Groceries Costs Vs. California
| Item | Rancho Palos Verdes | 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 Rancho Palos Verdes Health Costs Vs. California
| Item | Rancho Palos Verdes | California |
|---|---|---|
| Optometrist | $129.09 | $125.68 |
| Doctor | $119.86 | $135.78 |
| Dentist | $108.07 | $113.29 |
Detailed Rancho Palos Verdes Transportation Costs Vs. California
| Item | Rancho Palos Verdes | California |
|---|---|---|
| Gasoline | $4.47 | $3.46 |
| Tire Balancing | $58.33 | $59.92 |
Detailed Rancho Palos Verdes Utilities Costs Vs. California
| Item | Rancho Palos Verdes | California |
|---|---|---|
| All Electricity | $326.49 | $193.99 |
| Phone | $182.78 | $192.25 |
Rancho Palos Verdes SnackAbility
/10
Cost Of Living In Cities Around Rancho Palos Verdes
The cost of living varies in the cities and towns around Rancho Palos Verdes. 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, 0.8x Rancho Palos Verdes.
Carson, CA has a cost of living index of 153, 0.6x Rancho Palos Verdes.
Lakewood, CA has a cost of living index of 164, 0.7x Rancho Palos Verdes.
| City | Population | Cost Of Living | Vs. Rancho Palos Verdes |
|---|---|---|---|
| Torrance, CA | 143,499 | 190 | 0.8x |
| Carson, CA | 93,523 | 153 | 0.6x |
| Lakewood, CA | 80,510 | 164 | 0.7x |
| Redondo Beach, CA | 69,814 | 212 | 0.9x |
| Cypress, CA | 49,531 | 172 | 0.7x |
| Cerritos, CA | 48,340 | 181 | 0.7x |
| Lawndale, CA | 31,113 | 160 | 0.7x |
| West Carson, CA | 21,909 | 153 | 0.6x |
| Lomita, CA | 20,409 | 163 | 0.7x |
| Hermosa Beach, CA | 19,248 | 291 | 1.2x |
