Beverly Hills cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBeverly HillsCaliforniaNational
Cost of living index214135100
IndexBeverly HillsCaliforniaNational
Goods & Services index105107100
Groceries index106117100
Health care index109109100
Housing index461189100
Transportation index120125100
Utilities index112116100
Here we can see a simple outline of the cost of living in Beverly Hills, CA. As you can see, with the average cost of living in Beverly Hills, CA being 214, that puts it 58% higher than the average of California and 114% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Beverly Hills, CA, the price of goods and services are 1% lower than the average of California as well as 5% higher than the nation's average.

Did you know?

  • The cost of living in Beverly Hills is 58% higher than the California average.
  • The cost of living in Beverly Hills is 114% higher than the national average.
  • The cost of housing in Beverly Hills is 361% higher than the national average.
  • California general sales tax is 47% higher than the national average.
  • California state income tax is 55% lower than the national average.

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Compare Beverly Hills, CA Cost of living To Other Cities

Salary Calculator

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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
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Use the salary calculator to compare your current income in Beverly Hills, CA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Beverly Hills, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Beverly Hills, CA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$157,349$13,112$3,671$4,721
Renters$66,110$5,509$1,542$1,983
One can approximate the cost of living and the housing affordability in Beverly Hills, CA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Beverly Hills, CA have a median income of $157,349. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,671 per month to avoid calamity and poverty. The renters in the city have an income of about $66,110, which would make their monthly maximum allowable rental costs $1,542.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
When you are determining the total cost of living in Beverly Hills, CA you will want to make sure you consider both the California sales tax and the California income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in California is 7.5%, with the highest surtax being 10%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in California have a range from 1% to 12.3%.

Goods & Services

ItemBeverly HillsNational avg.Difference
Haircut $18.32$14.5925.5%
Beauty Salon $63.86$34.6884.1%
Toothpaste $2.90$2.4717.3%
Shampoo $1.11$1.028.6%
Movie $14.20$9.8743.9%
Bowling $6.63$4.3951.0%

Groceries

ItemBeverly HillsNational avg.Difference
Ground Beef $4.16$4.487.1%
Fried Chicken $1.74$1.4618.8%
Milk $2.62$2.3611.2%
Potatoes $2.99$3.062.3%
Pizza $8.00$9.2413.4%
Beer $9.38$8.638.7%

Health Care

ItemBeverly HillsNational avg.Difference
Optometrist $126.07$99.7826.3%
Doctor $97.27$105.037.4%
Dentist $110.00$88.7024.0%
Ibuprofen $12.16$9.4129.2%
Lipitor $280.93$298.505.9%

Housing

ItemBeverly HillsNational avg.Difference
Home Price $3,059,600.00$175,700.001,641.4%
Avg. Mortgage Payment $2,080.63$1,081.0392.5%
Apartment Rent $1,908.00$920.00107.4%

Transportation

ItemBeverly HillsNational avg.Difference
Gasoline $2.63$2.0925.7%
Tire Balancing $46.96$45.293.7%

Utilities

ItemBeverly HillsNational avg.Difference
All Electricity$183.94$170.807.7%
Phone $33.30$28.2617.8%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Vernon, CA591033%
Willowbrook, CA20,89711313%
Florence-Graham, CA62,81511414%
Cudahy, CA24,07311414%
Compton, CA97,66311515%
Beverly Hills, CA34,536214114%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Olive Branch, MS34,54394-6%
Roseville, MN34,5541088%
Bay City, MI34,57881-19%
La Porte, TX34,47391-9%
Mooresville, NC34,4661011%
Beverly Hills, CA34,536214114%
Source: The Beverly Hills, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.