According to the most recent data on the cost of living, Santa Monica has an overall cost of living index of 220 which is 2.2x higher than the national index of 100.
Compared to only California, Santa Monica has a cost of living index that's 1.6x higher than California's index of 140.
The standard of living in Santa Monica ranks as #6,359 most affordable out of the 6,418 places we measured in California. By definition, that implies Santa Monica ranks as the #60 most expensive place in the Golden State.
Living Expense | Santa Monica | California | National Average | |
---|---|---|---|---|
Overall | 220 | 140 | 100 | |
Services | 114 | 112 | 100 | |
Groceries | 113 | 113 | 100 | |
Health | 109 | 115 | 100 | |
Housing | 463 | 198 | 100 | |
Transportation | 136 | 134 | 100 | |
Utilities | 106 | 126 | 100 |
Housing swings affordability the most between places in California, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | Santa Monica | California | United States |
---|---|---|---|
Median Home Value | $1,452,100 | $538,500 | $229,800 |
Median Rent | $1,900 | $1,586 | $1,096 |
Median Income | $98,300 | $78,672 | $64,994 |
Home Value To Income | 14.8x | 6.8x | 3.5x |
Rent To Monthly Income | 0.23x | 0.24x | 0.2x |
Item | Santa Monica | California |
---|---|---|
Shampoo | $1.17 | $1.06 |
Movie | $16.3 | $10.68 |
Bowling | $21.33 | $14.67 |
Item | Santa Monica | California |
---|---|---|
Ground Beef | $4.58 | $4.22 |
Fried Chicken | $1.72 | $1.39 |
Milk | $2.19 | $2.05 |
Item | Santa Monica | California |
---|---|---|
Haircut | $22.57 | $18.62 |
Beauty Salon | $76.5 | $39.05 |
Toothpaste | $2.51 | $2.34 |
Item | Santa Monica | California |
---|---|---|
Potatoes | $2.99 | $3.29 |
Pizza | $11.66 | $10.62 |
Beer | $9.82 | $9.38 |
Optometrist | $125.58 | $108.57 |
Doctor | $125.0 | $116.17 |
Dentist | $110.78 | $99.13 |
Item | Santa Monica | California |
---|---|---|
Gasoline | $3.31 | $2.22 |
Tire Balancing | $50.62 | $50.07 |
All Electricity | $185.68 | $167.67 |
Phone | $189.51 | $175.64 |
City | Population | Cost Of Living | Vs. Santa Monica |
---|---|---|---|
Los Angeles, CA | 3,973,278 | 148 | 0.7x |
Torrance, CA | 144,430 | 171 | 0.8x |
Inglewood, CA | 109,309 | 133 | 0.6x |
Redondo Beach, CA | 66,663 | 189 | 0.9x |
Rancho Palos Verdes, CA | 41,635 | 217 | 1.0x |
West Hollywood, CA | 35,506 | 169 | 0.8x |
Beverly Hills, CA | 33,709 | 318 | 1.4x |
South Pasadena, CA | 25,478 | 195 | 0.9x |
San Fernando, CA | 24,244 | 133 | 0.6x |
West Carson, CA | 22,697 | 141 | 0.6x |