Cost of living in Soquel 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 Soquel 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 Soquel is 166, with 100 being the average.
The cost of living index in Soquel is 1.7x higher than the national average.
Soquel ranks as the #488 cheapest in California out of 635.
Soquel ranks as the #6,083 cheapest out of 6,412 in the US.
The median home value in Soquel is $747,600.
The median income in Soquel is $107,114.
According to the most recent data on the cost of living, Soquel has an overall cost of living index of 166, which is 1.7x higher than the national index of 100.
Compared to California, Soquel has a cost of living index that's 1.2x higher than California's index of 139.
The standard of living in Soquel ranks as #488 most affordable out of the 635 places we measured in California. By definition, that implies Soquel ranks as the #147 most expensive place in the Golden State.
For more reading on life in Soquel, check out:
Six factors go into calculating the cost of living index in Soquel. Here is how it fairs on each of the criteria:
The Services index in Soquel is 120.
The Groceries index in Soquel is 132.
The Health index in Soquel is 124.
The Housing index in Soquel is 254.
The Transportation index in Soquel is 145.
The Utilities index in Soquel is 137.
|Living Expense||Soquel||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 Soquel is $747,600.
The Median Rent in Soquel is $2,354.
The Median Income in Soquel is $107,114.
The Home Value To Income in Soquel is 7.0x.
The Rent To Monthly Income in Soquel is 0.26x.
|Median Home Value||$747,600||$573,200||$244,900|
|Home Value To Income||7.0x||6.8x||3.5x|
|Rent To Monthly Income||0.26x||0.24x||0.2x|
The cost of living varies in the cities and towns around Soquel. Here's a quick look at the cost of living in the most populous nearby places:
Santa Cruz, CA has a cost of living index of 186, 1.1x Soquel.
Morgan Hill, CA has a cost of living index of 166, 1.0x Soquel.
Campbell, CA has a cost of living index of 199, 1.2x Soquel.
|City||Population||Cost Of Living||Vs. Soquel|
|Santa Cruz, CA||62,714||186||1.1x|
|Morgan Hill, CA||45,267||166||1.0x|
|Los Gatos, CA||33,309||257||1.5x|
|Live Oak, CA||16,948||170||1.0x|
|Scotts Valley, CA||12,317||185||1.1x|
|Rio del Mar, CA||9,264||196||1.2x|