Cost of living in Shasta Lake 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 Shasta Lake 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 Shasta Lake is 113, with 100 being the average.
The cost of living index in Shasta Lake is 1.1x higher than the national average.
Shasta Lake ranks as the #71 cheapest in California out of 634.
Shasta Lake ranks as the #3,948 cheapest out of 6,489 in the US.
The median home value in Shasta Lake is $291,794.
The median income in Shasta Lake is $61,319.
According to the most recent data on the cost of living, Shasta Lake has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to California, Shasta Lake has a cost of living index that's 0.8x lower than California's index of 141.
The standard of living in Shasta Lake ranks as #71 most affordable out of the 634 places we measured in California. By definition, that implies Shasta Lake ranks as the #563 most expensive place in the Golden State.
For more reading on life in Shasta Lake, check out:
Six factors go into calculating the cost of living index in Shasta Lake. Here is how it fairs on each of the criteria:
The Services index in Shasta Lake is 108.
The Groceries index in Shasta Lake is 109.
The Health index in Shasta Lake is 111.
The Housing index in Shasta Lake is 114.
The Transportation index in Shasta Lake is 122.
The Utilities index in Shasta Lake is 116.
| Living Expense | Shasta Lake | California | National Average | |
|---|---|---|---|---|
| Overall | 113 | 141 | 100 | |
| Services | 108 | 110 | 100 | |
| Groceries | 109 | 112 | 100 | |
| Health | 111 | 110 | 100 | |
| Housing | 114 | 195 | 100 | |
| Transportation | 122 | 125 | 100 | |
| Utilities | 116 | 128 | 100 | |
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 Shasta Lake is $291,794.
The Median Rent in Shasta Lake is $1,264.
The Median Income in Shasta Lake is $61,319.
The Home Value To Income in Shasta Lake is 4.8x.
The Rent To Monthly Income in Shasta Lake is 0.25x.
| Statistic | Shasta Lake | California | United States |
|---|---|---|---|
| Median Home Value | $291,794 | $763,287 | $303,400 |
| Median Rent | $1,264 | $1,956 | $1,348 |
| Median Income | $61,319 | $96,334 | $78,538 |
| Home Value To Income | 4.8x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.24x | 0.21x |
| Item | Shasta Lake | California |
|---|---|---|
| Shampoo | $1.44 | $1.28 |
| Movie | $13.76 | $12.13 |
| Bowling | $22.22 | $18 |
| Haircut | $40.0 | $24.26 |
| Beauty Salon | $60.53 | $45.56 |
| Item | Shasta Lake | California |
|---|---|---|
| Ground Beef | $5.56 | $5.84 |
| Fried Chicken | $2.06 | $1.57 |
| Milk | $4.93 | $4.67 |
| Potatoes | $4.69 | $4.93 |
| Pizza | $13.98 | $12.09 |
| Beer | $10.49 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
| Item | Shasta Lake | California |
|---|---|---|
| Optometrist | $153.5 | $125.68 |
| Doctor | $201.43 | $135.78 |
| Dentist | $115.72 | $113.29 |
| Item | Shasta Lake | California |
|---|---|---|
| Gasoline | $4.51 | $3.46 |
| Tire Balancing | $58.67 | $59.92 |
| Item | Shasta Lake | California |
|---|---|---|
| All Electricity | $238.53 | $193.99 |
| Phone | $190.81 | $192.25 |
The cost of living varies in the cities and towns around Shasta Lake. Here's a quick look at the cost of living in the most populous nearby places:
Redding, CA has a cost of living index of 121, 1.1x Shasta Lake.
Red Bluff, CA has a cost of living index of 107, 0.9x Shasta Lake.
Douglas, GA has a cost of living index of 87, 0.8x Shasta Lake.
| City | Population | Cost Of Living | Vs. Shasta Lake |
|---|---|---|---|
| Redding, CA | 93,268 | 121 | 1.1x |
| Red Bluff, CA | 14,592 | 107 | 0.9x |
| Douglas, GA | 11,720 | 87 | 0.8x |
| Anderson, CA | 11,282 | 109 | 1.0x |