What You Need to Know About Rancho Cucamonga, CA

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Services for Real Estate Pros with InboundREM

Rancho Cucamonga, CA

 

Cost of Living in Rancho Cucamonga . . . And More

The cost of living in Rancho Cucamonga revolves around how much money it needs for basic life necessities, primarily, housing, food, taxes, and healthcare.


Living expenses depend upon one’s salary. It rests on how much he can spend for his needs, and on what type of lifestyle he lives. Your expenses must not exceed how much you earn otherwise, you will find yourself stuck in a tight spot. However, that shouldn’t put you off since even though it is vital to consider your financial capabilities Especially when moving, many people still sign up to live in an upscale neighborhood. 
Expense-related factors are not the only important considerations in choosing which place to move to, there are more other things to think about. 


For that matter, let’s take a look at the cost of living in Rancho Cucamonga . . . plus a little bit more.

 

Check out the original neighborhood post at https://camdenmckayre.com/.

 

Overview of Cost of Living in Rancho Cucamonga

Rancho Cucamonga – also known as “Rancho” – has a population of about 177,000 and is located roughly 37 miles east of downtown Los Angeles and “just south of the foothills of the San Gabriel Mountains and Angeles National Forest.” It sits as “the 19th most populated city in the south of California and ranks as 27th state-wide.”

 

Rancho Cucamonga has an interesting history with grape growing and winemaking. Moreover, its proximity to major transportation hubs, airports, and highways suits the likes of businesses and major corporations. 

 

Living costs in Rancho Cucamonga compare to the national average by category:

 

· Energy – 28.4% higher
· Food – 3.3% higher
· Healthcare – 0.6% higher
· Housing – 6.6% higher
· Transportation – 2.5% higher

 

Taking into account how the cost of living in Rancho Cucamonga stacks up against the cost of living in other major cities is crucial.

 

· San Francisco – 82.6% lower
· Washington, DC – 52.6% lower
· Miami – 8.1% lower
· Chicago – 11.5% lower
· Boston – 47.5% lower
· New York – 76.9% lower
· Dallas – 6.2% higher

 

Rancho Cucamonga’s cost of living is only slightly higher compared to Dallas, but aside from that, it is lower compared to other major cities. 

 

Check out the original neighborhood post at https://camdenmckayre.com/.

 

Specifics of Cost of Living in Rancho Cucamonga

At this time, let’s get into the specifics . . .

 

Housing

Rancho Cucamonga’s median home value sits around $545,000, with available figures ranging from $541,600 to $550,634. This figure is higher compared to San Bernadino County’s median home value of $362,000. Over the previous years, Rancho Cucamonga’s home value rose 3.3%, however, it is expected to plummet by about 1.5% for the next year.

 

Food and Groceries

The cost of meals and groceries in Rancho Cucamonga are fairly priced for the consumers’ convenience. Rancho Cucamonga’s food cost is 13.7% less when compared to San Diego’s food and grocery cost. Moreover, if a family of four in Los Angeles spends $830 for food, in Rancho Cucamonga it is $746. Outside dinner will bill you about $15.00 for a basic meal at an economical restaurant and $8.00 for a fast-food combo meal. As for Rancho Cucamonga grocery cost, you can expect your bill to be around:

 

  • $2.80 for a loaf of bread

  • $5.14 for an 8 oz. block of cheese

  • $3.25 for a gallon of milk

 

Utilities and Basic Services

In terms of the cost-of-living index, where 100 is the average for the US, Rancho Cucamonga is at 105.2 for utilities thus 3% higher than the US average and 29.12% above the national average for residential electricity rate. 

 

Transportation

Transportation expense including both the gasoline and insurance is 38% above the national average. A gallon of gasoline ranges from $2.95 to $4.00, typically it costs $3.60 while the monthly fare for a public transit pass is $55.00.

 

Taxes

San Bernardino County [where Rancho Cucamonga is located] is among the counties in the state with a higher property tax rate but bear in mind that California is one of the lowest property tax rates among the countries. The monthly average cost for taxes for a typical family of four is around $698. 

 

Healthcare

Healthcare option is an important factor when considering the cost of living in a certain area. In Rancho Cucamonga, healthcare expense is slightly above the national average by about 7%, however, it is rated lower on the cost-of-living index, coming in at 86.9 with a national average of 100. For a typical family of four, the monthly cost of healthcare is $795. 

 

Check out the original neighborhood post at https://camdenmckayre.com/.

 

Cost of Living in Rancho Cucamonga Not the Whole Story

The living costs in Rancho Cucamonga are slightly higher compared to the US average, yet reasonably lower for California. However, there is more to this Rancho that you should consider…

 

In 2006, Rancho Cucamonga ranked 42nd nationwide on Money Magazine’s list of “Best Places to Live.” On top of that, Rancho’s high schools gained Silver distinction in 2015 for the nation’s high schools by U.S. News and World Report. In 2017, the California Department of Education announced that all four high schools were being named California Gold Ribbon Schools.”

 

And there’s more . . .

 

  • In 2018, WalletHub placed Rancho Cucamonga as the 14th happiest town in America, based on wellbeing, income and employment, and community and environment.
  • The climate is . . . well, fantastic – “a year-round Mediterranean climate.”

  • An exceptionally low crime rate, “less than half the average in both the state of California and the United States.”
  • It is conveniently located near “Los Angeles, San Diego, Palm Springs, world-class beaches, [and] snowy mountains.”
  • Rancho Cucamonga is family-friendly and “economically, ethnically, and culturally diverse.”

 

So, is Rancho Cucamonga right for you? There are plenty of good reasons why it could be.

 

Check out the original neighborhood post at https://camdenmckayre.com/.

 

If you would like to receive a FREE Competitive Market Analysis, contact me today.

 

Let us help you find your perfect home!

If you require a Buyer's Agent to represent you during your transaction, please feel free to contact our office at 310-666-5052. We would be glad to work with you to get the best deal possible for your transaction.

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POSTED BY:

 

Michael Mucino

909-841-0243

5092 Woodley Ridge Dr.,
Rancho Cucamonga,

CA, 91739

https://camdenmckayre.com/

 

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