An Overview of Cost of Living in Rowland Heights, CA
Getting a feel for the cost of living in Rowland Heights is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Rowland Heights is 167, which is 67% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
If you value affordability in your search for a new place to live, Rowland Heights 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, Rowland Heights falls into this category, which may not align with your desire for an affordable place to call home.
Housing costs are a very significant part of the Rowland Heights cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 199.3% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Recurring goods and services expenses like haircuts, toothpaste, gym memberships and movie nights are a big part of your spending and make up 33% of the cost of living index. In Rowland Heights, these items will cost you 12% more than what most folks pay, making it a bit more expensive to live here.
The relentless increase in grocery prices is a noteworthy trend. In the last two years, grocery costs have experienced an upward trajectory of over 10%. Unfortunately, Rowland Heights is no exception, where grocery prices are 13.1% above the national average.
Is Rowland Heights Affordable?
Is Rowland Heights affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Rowland Heights, the median home price is 254.8% higher than the national average and monthly rent prices are 69.8% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Rowland Heights boasting a median household income of $75,889, 37.2% higher than the national average.
What Factors can Influence the Cost of Living in Rowland Heights?
Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Rowland Heights, healthcare costs are 1.2% lower than the national average.
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 Rowland Heights, the housing index is 199.3% higher than the national average.
Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Rowland Heights, the utilities index stands at 5.9% lower than the national average.
Where is the Data From?
The cost of living in Rowland Heights, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.
Here are the best places to live in California
These are the 10 most affordable cities in California
Check out the 10 safest cities in California
10 Best cities in California for employment