Cost of living in Templeton 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 Templeton 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 Templeton is 166, with 100 being the average.
The cost of living index in Templeton is 1.7x higher than the national average.
Templeton ranks as the #411 cheapest in California out of 634.
Templeton ranks as the #5,995 cheapest out of 6,489 in the US.
The median home value in Templeton is $934,393.
The median income in Templeton is $114,155.
According to the most recent data on the cost of living, Templeton has an overall cost of living index of 166, which is 1.7x higher than the national index of 100.
Compared to California, Templeton has a cost of living index that's 1.2x higher than California's index of 141.
The standard of living in Templeton ranks as #411 most affordable out of the 634 places we measured in California. By definition, that implies Templeton ranks as the #223 most expensive place in the Golden State.
For more reading on life in Templeton, check out:
Six factors go into calculating the cost of living index in Templeton. Here is how it fairs on each of the criteria:
The Services index in Templeton is 103.
The Groceries index in Templeton is 108.
The Health index in Templeton is 91.
The Housing index in Templeton is 281.
The Transportation index in Templeton is 127.
The Utilities index in Templeton is 158.
| Living Expense | Templeton | California | National Average | |
|---|---|---|---|---|
| Overall | 166 | 141 | 100 | |
| Services | 103 | 110 | 100 | |
| Groceries | 108 | 112 | 100 | |
| Health | 91 | 110 | 100 | |
| Housing | 281 | 195 | 100 | |
| Transportation | 127 | 125 | 100 | |
| Utilities | 158 | 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 Templeton is $934,393.
The Median Rent in Templeton is $2,399.
The Median Income in Templeton is $114,155.
The Home Value To Income in Templeton is 8.2x.
The Rent To Monthly Income in Templeton is 0.25x.
| Statistic | Templeton | California | United States |
|---|---|---|---|
| Median Home Value | $934,393 | $763,287 | $303,400 |
| Median Rent | $2,399 | $1,956 | $1,348 |
| Median Income | $114,155 | $96,334 | $78,538 |
| Home Value To Income | 8.2x | 7.9x | 3.9x |
| Rent To Monthly Income | 0.25x | 0.24x | 0.21x |
| Item | Templeton | California |
|---|---|---|
| Shampoo | $1.48 | $1.28 |
| Movie | $18.12 | $12.13 |
| Bowling | $22.67 | $18 |
| Haircut | $26.25 | $24.26 |
| Beauty Salon | $89.33 | $45.56 |
| Item | Templeton | California |
|---|---|---|
| Ground Beef | $5.77 | $5.84 |
| Fried Chicken | $2.63 | $1.57 |
| Milk | $4.91 | $4.67 |
| Potatoes | $4.9 | $4.93 |
| Pizza | $13.49 | $12.09 |
| Beer | $11.13 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
| Item | Templeton | California |
|---|---|---|
| Optometrist | $142.2 | $125.68 |
| Doctor | $131.33 | $135.78 |
| Dentist | $131.5 | $113.29 |
| Item | Templeton | California |
|---|---|---|
| Gasoline | $4.62 | $3.46 |
| Tire Balancing | $61.0 | $59.92 |
| Item | Templeton | California |
|---|---|---|
| All Electricity | $231.4 | $193.99 |
| Phone | $193.81 | $192.25 |
The cost of living varies in the cities and towns around Templeton. Here's a quick look at the cost of living in the most populous nearby places:
Santa Maria, CA has a cost of living index of 136, 0.8x Templeton.
San Luis Obispo, CA has a cost of living index of 172, 1.0x Templeton.
El Paso de Robles (Paso Robles), CA has a cost of living index of 148, 0.9x Templeton.
| City | Population | Cost Of Living | Vs. Templeton |
|---|---|---|---|
| Santa Maria, CA | 109,880 | 136 | 0.8x |
| San Luis Obispo, CA | 48,039 | 172 | 1.0x |
| El Paso de Robles (Paso Robles), CA | 31,399 | 148 | 0.9x |
| Atascadero, CA | 29,735 | 153 | 0.9x |
| Arroyo Grande, CA | 18,412 | 167 | 1.0x |
| Nipomo, CA | 17,266 | 162 | 1.0x |
| Los Osos, CA | 15,048 | 163 | 1.0x |
| Grover Beach, CA | 12,687 | 157 | 0.9x |
| Morro Bay, CA | 10,717 | 169 | 1.0x |
| Guadalupe, CA | 8,422 | 129 | 0.8x |