F
72%
Overall NAT. AVG.
16%
Goods & Services NAT. AVG.
203%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Camarillo California National
Cost of living172140100
Goods & Services116111100
Groceries112112100
Health care108109100
Housing303196100
Transportation124126100
Utilities112127100

An Overview of Cost of Living in Camarillo, CA

Understanding the cost of living in Camarillo can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Camarillo cost of living index is 172, which is 72% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

If you value affordability in your search for a new place to live, Camarillo may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Camarillo falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs make up a big chunk of the cost of living in Camarillo, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 202.9% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

Everyday goods and services make up 33% of the cost of living index and include things like clothing, personal hygiene products and entertainment which are a large portion of your monthly expenditures. Unfortunately, Camarillo goods and services are 16.2% more expensive than the national average, leaving you with less money at the end of the month.

The cost of groceries continues to rise at an alarming rate. Over the last two years, grocery prices have increased by more than 10%! Unfortunately, in Camarillo, the news isn't any better as grocery prices are 12.2% higher than the national average.

What Do Locals Say About the Cost of Living in Camarillo?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 5 locals to understand their opinions on the cost of living in Camarillo. The results indicated that 40% found it reasonably priced with decreasing prices of goods and services, while 60% viewed it as quite expensive, with increasing prices.

Is Camarillo Affordable?

Is Camarillo affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Camarillo, for instance, where the median home price falls 235.2% higher than the national average, and monthly rent rates are 127.7% higher than usual. Additionally, median income levels contribute to the equation, with Camarillo flaunting a median household income of $98,039, 77.2% higher than the national norm.

What Factors can Influence the Cost of Living in Camarillo?

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Camarillo, the housing index is 202.9% higher than the national average.

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Camarillo comes in at 12.4% higher than the national average.

Where is the Data From?

The Camarillo cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Camarillo is 23% higher than the California average
  • The cost of living in Camarillo is 72% higher than the national average
  • Camarillo housing is 203% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 56% lower than the national average

Most Affordable Places to Live in and Around Camarillo

See all the best places to live around Camarillo

Compare Camarillo, CA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$116,751$9,729$2,724$3,503
      Renters$76,642$6,387$1,788$2,299
      A good indicator of the general affordability of housing in Camarillo, CA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Camarillo, the median monthly income is $116,751 for those who own their own homes. Under the standard rule, that income level would allow for $2,724 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $76,642, per the median income in the area. That would allow for renters to spend up to $1,788 on monthly rental expenses.

      California Sales Tax

      State General Sales Tax With Max Surtax
      California 7.25% 10.5%

      California Income Tax

      State Income Tax (Low) Income Tax (High)
      California 1% 12.3%

      Goods & Services

      Item Camarillo National avg. Difference
      Haircut $24.67$24.261.7%
      Beauty Salon $49.33$45.568.3%
      Toothpaste $3.76$3.701.5%
      Shampoo $1.41$1.289.8%
      Movie $13.46$12.1311.0%
      Bowling $19.07$18.006.0%

      Groceries

      Item Camarillo National avg. Difference
      Ground Beef $6.26$5.847.2%
      Fried Chicken $2.08$1.5732.2%
      Milk $4.76$4.671.9%
      Potatoes $4.94$4.930.2%
      Pizza $16.13$12.0933.5%
      Beer $9.60$10.417.8%

      Health Care

      Item Camarillo National avg. Difference
      Optometrist $129.09$125.682.7%
      Doctor $119.86$135.7811.7%
      Dentist $108.07$113.294.6%
      Ibuprofen $10.36$10.652.7%
      Lipitor $505.41$468.607.9%

      Housing

      Item Camarillo National avg. Difference
      Home Price $619,100.00$184,700.00235.2%
      Avg. Mortgage Payment $2,799.02$2,346.6919.3%
      Apartment Rent $2,161.00$949.00127.7%

      Transportation

      Item Camarillo National avg. Difference
      Gasoline $4.47$3.4629.3%
      Tire Balancing $58.33$59.922.6%

      Utilities

      Item Camarillo National avg. Difference
      All Electricity $326.49$193.9968.3%
      Phone $182.78$192.254.9%
      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 Population Cost of Living Index National Avg.
      Piru, CA2,12613333.4%
      Saticoy, CA1,73914040.4%
      Santa Paula, CA30,29714242.0%
      Fillmore, CA15,63114544.7%
      Port Hueneme, CA21,97914646.3%
      Camarillo, CA68,58317271.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Dothan, AL68,608937.5%
      Davis, CA68,64017170.7%
      Daytona Beach, FL68,711963.5%
      Eau Claire, WI68,720982.3%
      St. Cloud, MN68,390991.4%
      Camarillo, CA68,58317271.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.