An Overview of Cost of Living in Twentynine Palms, CA
The cost of living in Twentynine Palms affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Twentynine Palms is 96, which is 4% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Twentynine Palms closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Twentynine Palms can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
What Do Locals Say About the Cost of Living in Twentynine Palms?
Nobody knows their city better than the people who actually live there. So, we asked 6 local residents how they would rate the cost of living in Twentynine Palms and this is how they responded. 67% of people said that the cost of living was affordable, with prices decreasing, while 33% of people said that the cost of living was very expensive and prices continue to rise.
Is Twentynine Palms Affordable?
Wondering if Twentynine Palms is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Twentynine Palms, for example, the median home price is 24.5% lower than what folks pay nationally, and monthly rent is 2.7% higher than the usual rates. Plus, income levels matter too, with Twentynine Palms boasting a median household income of $42,959, which is 22.3% lower than the national average.
What Factors can Influence the Cost of Living in Twentynine Palms?
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from 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 crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Twentynine Palms, the utilities index is 16.4% lower than the national average.
Where is the Data From?
The Twentynine Palms 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. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.
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