Hermosa Beach 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.
IndexHermosa BeachCaliforniaNational
Cost of living index265137100
IndexHermosa BeachCaliforniaNational
Goods & Services index107109100
Groceries index112118100
Health care index110111100
Housing index622189100
Transportation index134130100
Utilities index107112100
An overview of the general cost of living index for Hermosa Beach, CA is displayed above for your reference. Residents in Hermosa Beach, CA enjoy a cost of living index of 265. This index is 94% higher than the California average, and 165% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Hermosa Beach, CA, the average cost of goods and services is 2% lower than it is in California, and it is 7% higher than the national average.

Did you know?

  • The cost of living in Hermosa Beach is 94% higher than the California average.
  • The cost of living in Hermosa Beach is 165% higher than the national average.
  • The cost of housing in Hermosa Beach is 522% 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 Hermosa Beach, CA Cost of living To Other Cities

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
The salary calculator is meant to help you compare your salary in Hermosa Beach, CA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Hermosa Beach, CA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Hermosa Beach, CA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$152,188$12,682$3,551$4,566
Renters$85,365$7,114$1,992$2,561
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Hermosa Beach, CA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Hermosa Beach, CA homeowners, is $152,188. This would allow for a maximum of $3,551 per month to be spent on housing costs. For renters, the median monthly income is $85,365 which would result in a maximum of $1,992 to be spent on rental costs.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
One thing to keep in mind when considering the cost of living in Hermosa Beach, CA is the California sales tax and California income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The California sales tax rate is 7.5% and the maximum surtax that can be charged is 10%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The California income tax rates range from 1% to 12.3%.

Goods & Services

ItemHermosa BeachNational avg.Difference
Haircut $18.79$15.5620.7%
Beauty Salon $59.40$36.1164.5%
Toothpaste $2.83$2.4714.3%
Shampoo $1.20$0.9624.4%
Movie $14.81$10.1346.2%
Bowling $6.45$4.7436.2%

Groceries

ItemHermosa BeachNational avg.Difference
Ground Beef $4.60$3.9815.5%
Fried Chicken $1.24$1.4111.6%
Milk $2.03$2.061.5%
Potatoes $2.66$2.9810.9%
Pizza $10.99$9.4716.0%
Beer $10.22$8.7916.2%

Health Care

ItemHermosa BeachNational avg.Difference
Optometrist $120.40$101.0419.2%
Doctor $104.83$107.442.4%
Dentist $106.00$90.4217.2%
Ibuprofen $11.88$9.2828.0%
Lipitor $429.87$426.500.8%

Housing

ItemHermosa BeachNational avg.Difference
Home Price $1,409,300.00$175,700.00702.1%
Avg. Mortgage Payment $2,409.78$1,133.23112.6%
Apartment Rent $1,865.00$920.00102.7%

Transportation

ItemHermosa BeachNational avg.Difference
Gasoline $2.97$1.9949.0%
Tire Balancing $45.40$45.760.8%

Utilities

ItemHermosa BeachNational avg.Difference
All Electricity$179.98$163.819.9%
Phone $29.19$28.392.8%
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, CA591055%
Willowbrook, CA20,89711616%
Florence-Graham, CA62,81511616%
Cudahy, CA24,07311616%
Compton, CA97,66311717%
Hermosa Beach, CA19,725265165%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bear, DE19,7321099%
Altus, OK19,71680-20%
Converse, TX19,73888-12%
East Northport, NY19,70815454%
Old Jamestown, MO19,7451033%
Hermosa Beach, CA19,725265165%
Source: The Hermosa Beach, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.