Grand Terrace 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.
IndexGrand TerraceCaliforniaNational
Cost of living index116135100
IndexGrand TerraceCaliforniaNational
Goods & Services index104107100
Groceries index109117100
Health care index104109100
Housing index133189100
Transportation index127125100
Utilities index113116100
Here we can see a simple outline of the cost of living in Grand Terrace, CA. As you can see, with the average cost of living in Grand Terrace, CA being 116, that puts it 14% lower than the average of California and 16% 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 Grand Terrace, CA, the price of goods and services are 3% lower than the average of California as well as 4% higher than the nation's average.

Did you know?

  • The cost of living in Grand Terrace is 14% lower than the California average.
  • The cost of living in Grand Terrace is 16% higher than the national average.
  • The cost of housing in Grand Terrace is 33% 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 Grand Terrace, CA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Grand Terrace, 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 Grand Terrace, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Grand Terrace, 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$71,372$5,948$1,665$2,141
Renters$48,561$4,047$1,133$1,457
If you want to find a good determining factor for the cost of living and the general affordability of housing in Grand Terrace, CA, all you must look at 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 Grand Terrace, CA, the median monthly income is $71,372 for those who own their own homes. Under the standard rule, that income level would allow for $1,665 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $48,561, per the median income in the area. That would allow for renters to spend up to $1,133 on monthly rental expenses.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
The California sales tax and California income tax rates should definitely be considered when determining the overall cost of living in Grand Terrace, CA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The California sales tax is 7.5% and the maximum surtax is 10%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The California income tax rates range from 1% to 12.3%.

Goods & Services

ItemGrand TerraceNational avg.Difference
Haircut $18.89$14.5929.4%
Beauty Salon $60.96$34.6875.8%
Toothpaste $2.59$2.474.7%
Shampoo $1.09$1.026.7%
Movie $12.50$9.8726.7%
Bowling $5.79$4.3931.8%

Groceries

ItemGrand TerraceNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.74$1.4618.8%
Milk $2.69$2.3614.1%
Potatoes $3.32$3.068.4%
Pizza $9.00$9.242.6%
Beer $9.35$8.638.3%

Health Care

ItemGrand TerraceNational avg.Difference
Optometrist $104.42$99.784.7%
Doctor $95.57$105.039.0%
Dentist $102.40$88.7015.4%
Ibuprofen $11.60$9.4123.2%
Lipitor $281.41$298.505.7%

Housing

ItemGrand TerraceNational avg.Difference
Home Price $236,500.00$175,700.0034.6%
Avg. Mortgage Payment $2,759.31$1,081.03155.2%
Apartment Rent $1,174.00$920.0027.6%

Transportation

ItemGrand TerraceNational avg.Difference
Gasoline $2.61$2.0924.8%
Tire Balancing $60.00$45.2932.5%

Utilities

ItemGrand TerraceNational avg.Difference
All Electricity$186.13$170.809.0%
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.
San Bernardino, CA213,0441044%
Muscoy, CA11,6741055%
Colton, CA53,1291055%
Calimesa, CA8,1431066%
Lakeview, CA1,7231099%
Grand Terrace, CA12,25211616%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Evanston, WY12,25397-3%
Red Bank, NJ12,25015252%
South Daytona, FL12,26593-7%
Georgetown, GA12,2351000%
North Palm Beach, FL12,27211010%
Grand Terrace, CA12,25211616%
Source: The Grand Terrace, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.