Cost of living in Walnut Park 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 Walnut Park 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 Walnut Park is 131, with 100 being the average.
The cost of living index in Walnut Park is 1.3x higher than the national average.
Walnut Park ranks as the #280 cheapest in California out of 635.
Walnut Park ranks as the #5,294 cheapest out of 6,412 in the US.
The median home value in Walnut Park is $458,900.
The median income in Walnut Park is $68,708.
According to the most recent data on the cost of living, Walnut Park has an overall cost of living index of 131, which is 1.3x higher than the national index of 100.
Compared to California, Walnut Park has a cost of living index that's 0.9x lower than California's index of 139.
The standard of living in Walnut Park ranks as #280 most affordable out of the 635 places we measured in California. By definition, that implies Walnut Park ranks as the #355 most expensive place in the Golden State.
For more reading on life in Walnut Park, check out:
Six factors go into calculating the cost of living index in Walnut Park. Here is how it fairs on each of the criteria:
The Services index in Walnut Park is 117.
The Groceries index in Walnut Park is 116.
The Health index in Walnut Park is 111.
The Housing index in Walnut Park is 157.
The Transportation index in Walnut Park is 136.
The Utilities index in Walnut Park is 109.
|Living Expense||Walnut Park||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 Walnut Park is $458,900.
The Median Rent in Walnut Park is $1,225.
The Median Income in Walnut Park is $68,708.
The Home Value To Income in Walnut Park is 6.7x.
The Rent To Monthly Income in Walnut Park is 0.21x.
|Statistic||Walnut Park||California||United States|
|Median Home Value||$458,900||$573,200||$244,900|
|Home Value To Income||6.7x||6.8x||3.5x|
|Rent To Monthly Income||0.21x||0.24x||0.2x|
The cost of living varies in the cities and towns around Walnut Park. Here's a quick look at the cost of living in the most populous nearby places:
South Gate, CA has a cost of living index of 130, 1.0x Walnut Park.
Lakewood, CA has a cost of living index of 143, 1.1x Walnut Park.
Lynwood, CA has a cost of living index of 127, 1.0x Walnut Park.
|City||Population||Cost Of Living||Vs. Walnut Park|
|South Gate, CA||93,308||130||1.0x|
|Huntington Park, CA||55,439||128||1.0x|
|La Mirada, CA||47,957||147||1.1x|
|Bell Gardens, CA||39,870||130||1.0x|