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 243, 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 142.
The standard of living in Rancho Palos Verdes ranks as #582 most affordable out of the 634 places we measured in California. By definition, that implies Rancho Palos Verdes ranks as the #52 most expensive place in the Golden State.
For more reading on life in Rancho Palos Verdes, check out:
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 fares on each of the criteria:
The Services index in Rancho Palos Verdes is 109.
The Groceries index in Rancho Palos Verdes is 113.
The Health index in Rancho Palos Verdes is 544.
The Housing index in Rancho Palos Verdes is 115.
The Transportation index in Rancho Palos Verdes is 114.
The Utilities index in Rancho Palos Verdes is 116.
| Living Expense | Rancho Palos Verdes | California | National Average |
|---|---|---|---|
| Overall | 243 | 142 | 100 |
| Services | 109 | 110 | 100 |
| Groceries | 113 | 118 | 100 |
| Health | 544 | 197 | 100 |
| Housing | 115 | 120 | 100 |
| Transportation | 114 | 121 | 100 |
| Utilities | 116 | 121 | 100 |
Rancho Palos Verdes 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 Rancho Palos Verdes Get matched →Source: Cost-of-living index 2026, normalized to US average = 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 2020-2024. The key points are:
The Median Home Value in Rancho Palos Verdes is $1,824,947.
The Median Rent in Rancho Palos Verdes is $3,501.
The Median Income in Rancho Palos Verdes is $179,623.
The Home Value To Income in Rancho Palos Verdes is 10.2x.
The Rent To Monthly Income in Rancho Palos Verdes is 0.23x.
| Statistic | Rancho Palos Verdes | California | United States |
|---|---|---|---|
| Median Home Value | $1,824,947 | $774,581 | $332,700 |
| Median Rent | $3,501 | $2,036 | $1,413 |
| Median Income | $179,623 | $99,122 | $80,734 |
| Home Value To Income | 10.2x | 7.8x | 4.1x |
| Rent To Monthly Income | 0.23x | 0.25x | 0.21x |
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
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 196, 0.8x Rancho Palos Verdes.
Carson, CA has a cost of living index of 156, 0.6x Rancho Palos Verdes.
Lakewood, CA has a cost of living index of 166, 0.7x Rancho Palos Verdes.
| City | Population | Cost Of Living | Vs. Rancho Palos Verdes |
|---|---|---|---|
| Torrance, CA | 142,130 | 196 | 0.8x |
| Carson, CA | 92,871 | 156 | 0.6x |
| Lakewood, CA | 79,850 | 166 | 0.7x |
| Redondo Beach, CA | 69,291 | 213 | 0.9x |
| Cypress, CA | 49,498 | 178 | 0.7x |
| Cerritos, CA | 47,867 | 185 | 0.8x |
| Lawndale, CA | 30,781 | 159 | 0.7x |
| West Carson, CA | 22,143 | 154 | 0.6x |
| Lomita, CA | 20,225 | 171 | 0.7x |
| Hermosa Beach, CA | 19,063 | 290 | 1.2x |
