| Index | Beverly Hills | California | National |
| Cost of living | 338 | 141 | 100 |
| Groceries | 108 | 111 | 100 |
| Health care | 113 | 116 | 100 |
| Housing | 863 | 197 | 100 |
| Transportation | 113 | 118 | 100 |
| Utilities | 115 | 119 | 100 |
| Lifestyle & Entertainment | 115 | 120 | 100 |
| Household Items | 110 | 111 | 100 |
| Education & Childcare | 123 | 127 | 100 |
Understanding the cost of living in Beverly Hills can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Beverly Hills cost of living index is 338, which is 238% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Beverly Hills is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Beverly Hills falls into this category, which may not align with your goal of finding a budget-friendly living environment.
Housing costs significantly influence the Beverly Hills cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 763.4%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
The real experts on a city are its residents. That's why we reached out to 48 locals to get their views on the cost of living in Beverly Hills. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 42% found it budget-friendly with decreasing prices, while 58% said it's simply not affordable as prices have continued to rise.
Is Beverly Hills 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 Beverly Hills, the median home price is 1032.5% higher than the national average and monthly rent prices are 135.5% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Beverly Hills boasting a median household income of $152,948, 88.1% higher than the national average.
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 Beverly Hills, the utilities index is 14.5% higher than the national average.
Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Beverly Hills, the groceries index is 8.1% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Beverly Hills, the healthcare costs are 12.7% higher than the national average.
The Beverly Hills cost of living data displayed above uses a U.S. average baseline of 100 to provide a practical way to compare living expenses across cities. Housing estimates incorporate U.S. Census home price and rental data, while all other values are generated using AI-assisted models based on everyday expense expectations, regional pricing trends, climate, transportation patterns, and local economic conditions. These values are designed for directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $266,818 | $22,235 | $6,225 | $8,005 |
| Renters | $111,157 | $9,263 | $2,593 | $3,335 |
| State | General Sales Tax | With Max Surtax |
| California | 7.25% | 10.5% |
| State | Income Tax (Low) | Income Tax (High) |
| California | 1% | 13.3% |
| City | Population | Cost of Living Index | National Avg. |
| Westside, CA | 218 | 124 | 23.9% |
| Vernon, CA | 254 | 117 | 16.8% |
| Willowbrook, CA | 25,347 | 136 | 36.0% |
| East Rancho Dominguez, CA | 15,765 | 136 | 36.3% |
| Florence-Graham, CA | 66,603 | 138 | 38.2% |
| Beverly Hills, CA | 34,487 | 338 | 238.1% |
| City | Population | Cost of Living Index | National Avg. |
| Myrtle Beach, SC | 34,485 | 104 | 4.5% |
| Midvale, UT | 34,477 | 115 | 14.9% |
| Cedar City, UT | 34,473 | 105 | 4.8% |
| Kaneohe, HI | 34,467 | 200 | 100.1% |
| Central Islip, NY | 34,526 | 128 | 28.1% |
| Beverly Hills, CA | 34,487 | 338 | 238.1% |
Here are the best places to live in California
Safest Cities In The US
Check out the 10 safest cities in California
These are the 10 cheapest cities in California