Pico Rivera 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.
IndexPico RiveraCaliforniaNational
Cost of living index130137100
IndexPico RiveraCaliforniaNational
Goods & Services index107109100
Groceries index112118100
Health care index110111100
Housing index171189100
Transportation index134130100
Utilities index107112100
An overview of the general cost of living index for Pico Rivera, CA is displayed above for your reference. Residents in Pico Rivera, CA enjoy a cost of living index of 130. This index is 5% lower than the California average, and 30% 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 Pico Rivera, 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 Pico Rivera is 5% lower than the California average.
  • The cost of living in Pico Rivera is 30% higher than the national average.
  • The cost of housing in Pico Rivera is 71% 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 Pico Rivera, CA Cost of living To Other Cities

Salary Calculator

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Health care index
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Using the salary calculator lets you compare the salary you earn in Pico Rivera, CA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Pico Rivera, CA, you have to earn a higher income in order to still have the same standard of living. To operate the Pico Rivera, CA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$67,618$5,635$1,578$2,029
Renters$38,095$3,175$889$1,143
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Pico Rivera, CA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Pico Rivera, CA has a median income of about $67,618 for people who own homes. Based on that number, a person should spend a maximum of $1,578 on expenses related to housing. Renters have a slightly different median income, which is $38,095. Based on this average, renters should spend no more than $889 on all of their rental costs if they want to maintain a non-impoverished standard of living.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
When assessing the complete cost of living in Pico Rivera, CA, the California income tax and the California sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The California maximum surtax is 10%, and the California sales tax is 7.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 12.3% in California.

Goods & Services

ItemPico RiveraNational 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

ItemPico RiveraNational 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

ItemPico RiveraNational 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

ItemPico RiveraNational avg.Difference
Home Price $328,500.00$175,700.0087.0%
Avg. Mortgage Payment $2,409.78$1,133.23112.6%
Apartment Rent $1,235.00$920.0034.2%

Transportation

ItemPico RiveraNational avg.Difference
Gasoline $2.97$1.9949.0%
Tire Balancing $45.40$45.760.8%

Utilities

ItemPico RiveraNational 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%
Pico Rivera, CA63,69813030%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Janesville, WI63,67489-11%
Shawnee, KS63,59799-1%
Lorain, OH63,88589-11%
Gaithersburg, MD63,49113232%
Homestead, FL63,45996-4%
Pico Rivera, CA63,69813030%
Source: The Pico Rivera, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.