Cost of living in Ridgecrest 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 Ridgecrest 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 Ridgecrest is 109, with 100 being the average.
The cost of living index in Ridgecrest is 1.1x higher than the national average.
Ridgecrest ranks as the #107 cheapest in California out of 635.
Ridgecrest ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Ridgecrest is $193,700.
The median income in Ridgecrest is $77,534.
According to the most recent data on the cost of living, Ridgecrest has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to California, Ridgecrest has a cost of living index that's 0.8x lower than California's index of 139.
The standard of living in Ridgecrest ranks as #107 most affordable out of the 635 places we measured in California. By definition, that implies Ridgecrest ranks as the #528 most expensive place in the Golden State.
For more reading on life in Ridgecrest, check out:
Six factors go into calculating the cost of living index in Ridgecrest. Here is how it fairs on each of the criteria:
The Services index in Ridgecrest is 105.
The Groceries index in Ridgecrest is 100.
The Health index in Ridgecrest is 109.
The Housing index in Ridgecrest is 89.
The Transportation index in Ridgecrest is 130.
The Utilities index in Ridgecrest is 167.
|Living Expense||Ridgecrest||California||National Average|
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 Ridgecrest is $193,700.
The Median Rent in Ridgecrest is $983.
The Median Income in Ridgecrest is $77,534.
The Home Value To Income in Ridgecrest is 2.5x.
The Rent To Monthly Income in Ridgecrest is 0.15x.
|Median Home Value||$193,700||$573,200||$244,900|
|Home Value To Income||2.5x||6.8x||3.5x|
|Rent To Monthly Income||0.15x||0.24x||0.2x|