Cost of living in South El Monte 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 South El Monte 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 South El Monte is 134, with 100 being the average.
The cost of living index in South El Monte is 1.3x higher than the national average.
South El Monte ranks as the #312 cheapest in California out of 635.
South El Monte ranks as the #5,400 cheapest out of 6,412 in the US.
The median home value in South El Monte is $478,800.
The median income in South El Monte is $60,244.
According to the most recent data on the cost of living, South El Monte has an overall cost of living index of 134, which is 1.3x higher than the national index of 100.
Compared to California, South El Monte has a cost of living index that's 1.0x lower than California's index of 139.
The standard of living in South El Monte ranks as #312 most affordable out of the 635 places we measured in California. By definition, that implies South El Monte ranks as the #323 most expensive place in the Golden State.
For more reading on life in South El Monte, check out:
Six factors go into calculating the cost of living index in South El Monte. Here is how it fairs on each of the criteria:
The Services index in South El Monte is 117.
The Groceries index in South El Monte is 113.
The Health index in South El Monte is 112.
The Housing index in South El Monte is 176.
The Transportation index in South El Monte is 133.
The Utilities index in South El Monte is 107.
|Living Expense||South El Monte||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 South El Monte is $478,800.
The Median Rent in South El Monte is $1,458.
The Median Income in South El Monte is $60,244.
The Home Value To Income in South El Monte is 7.9x.
The Rent To Monthly Income in South El Monte is 0.29x.
|Statistic||South El Monte||California||United States|
|Median Home Value||$478,800||$573,200||$244,900|
|Home Value To Income||7.9x||6.8x||3.5x|
|Rent To Monthly Income||0.29x||0.24x||0.2x|
The cost of living varies in the cities and towns around South El Monte. Here's a quick look at the cost of living in the most populous nearby places:
El Monte, CA has a cost of living index of 137, 1.0x South El Monte.
Lakewood, CA has a cost of living index of 143, 1.1x South El Monte.
Yorba Linda, CA has a cost of living index of 181, 1.4x South El Monte.
|City||Population||Cost Of Living||Vs. South El Monte|
|El Monte, CA||110,144||137||1.0x|
|Yorba Linda, CA||68,319||181||1.4x|
|La Mirada, CA||47,957||147||1.1x|
|San Gabriel, CA||39,673||164||1.2x|
|La Verne, CA||31,423||150||1.1x|
|West Puente Valley, CA||23,003||133||1.0x|