Cost of Living

Cost of living is the total amount of money one would spend to maintain a particular standard of living in a given area. This includes a variety of factors including food, healthcare, transportation, housing, taxes, etc. Individuals and families planning to move into a city should consider the cost of living to make an objective analysis of whether moving would be a good decision. Although not the only thing you should consider, knowing how much you would need to spend to stay in an area is a good indication if a move would be right for you.

Check out our original neighborhood page at https://sacramentohomesre.com/sacramento-cost-of-living/.

Cost of Living Index

We have curated standard indicators for cost of living in the city of Sacramento in comparison to the state and national average. Income to cost of living ratio in the town is quite good for residents in the area. The average annual salary of workers in Sacramento is higher than the national average, and this allows residents to pay for expenses that are higher than other states. The table below shows the three comparisons using the national average fixed at 100, values in the city, and California varying based on current values on these locations.

Daily Expenses in Sacramento

Goods and Services

Expenses are generally higher in California and should be a consideration for families planning to move into the city from outside California. For example, a haircut costs around $19.61 in the city while the national average is $16.09. A beauty salon would cost around $51.92 vs. the national average of $37.33. Movie tickets are priced around $13.35 compared to $10.28. You'll have to consider that costs in the region are higher before deciding to move into the area.

Check out our original neighborhood page at https://sacramentohomesre.com/sacramento-cost-of-living/.

Housing

The median home price in Sacramento is $259,400 while the standard cost in the country is around $184,700. Although homes are more expensive compared to other parts of the country, most houses in the area are still more affordable compared to other metropolitan regions of California. Average mortgage payment in the city is $1,457.03, and the monthly rent for an apartment is $1,057, both are higher than the national average of $1,202.44 and $949.

Utility Bills

Utility Bills are cheaper in Sacramento compared to other cities in California as well as the country. The Sacramento Utility Rate Assitance Program provides credit to various expenses with an annual saving of up to $275. The average total cost of basic utilities in the city is $181.95 for an 85 square meter apartment.

Food and Groceries

Dining out in Sacramento typically costs around $15 per person. If you're dining at a mid-priced restaurant you can expect to spend about $55. Fast food meals range approximately $8. Groceries also tend to be cheaper compared to other cities in California but is still a bit more expensive than the national average.

Check out our original neighborhood page at https://sacramentohomesre.com/sacramento-cost-of-living/.

Transportation

Gas prices in Sacramento range between $2.84 and $2.97 per gallon. Parking fees cost $15 per day and $145 per month in city streets and garages. The city has expensive transportation cost which is 33% higher than the national average.

Healthcare

Healthcare is more affordable in California compared to the rest of the country. The average cost of a visit to general practitioner costs around $100.28.

Taxes

One of the most significant expenses in California is the sales tax which is around 7.25% in the state. The maximum surtax in the region is 10.25% while state income tax can range from 1% to 13.3% depending on your income bracket.

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