F
37%
Overall NAT. AVG.
16%
Goods & Services NAT. AVG.
86%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index East Rancho Dominguez California National
Cost of living137140100
Goods & Services116111100
Groceries112112100
Health care108109100
Housing186196100
Transportation124126100
Utilities112127100

An Overview of Cost of Living in East Rancho Dominguez, CA

Knowing the cost of living in East Rancho Dominguez allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in East Rancho Dominguez stands at 137, marking it 37% higher than the national average.

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 East Rancho Dominguez 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, East Rancho Dominguez falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs are a major factor in the East Rancho Dominguez cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 86% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Recurring essentials like haircuts, toothpaste, and entertainment, from movies to gym sessions, can really add up in your budget and make up 33% of the cost of living index. In East Rancho Dominguez, you you will have to spend 16.2% more than average when compared to the typical prices for these items, making it a more expensive place to live.

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, East Rancho Dominguez is no exception, where grocery prices are 12.2% above the national average.

Is East Rancho Dominguez Affordable?

Is East Rancho Dominguez an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in East Rancho Dominguez is 105.4% higher than the national average, while the average monthly rent prices are 40.6% higher than average. The affordability of any location can also be influenced by median income levels. East Rancho Dominguez has a median household income of $55,615, which is 0.5% higher than the national average.

What Factors can Influence the Cost of Living in East Rancho Dominguez?

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In East Rancho Dominguez, the standard sales tax rate starts at 7.25%, and the income tax rates commence at 1%.

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In East Rancho Dominguez, the transportation index is 24.3% higher than the national average.

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.

Where is the Data From?

The East Rancho Dominguez cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in East Rancho Dominguez is 2% lower than the California average
  • The cost of living in East Rancho Dominguez is 37% higher than the national average
  • East Rancho Dominguez housing is 86% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 56% lower than the national average

Most Affordable Places to Live in and Around East Rancho Dominguez

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      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$76,016$6,335$1,774$2,281
      Renters$40,813$3,401$952$1,225
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in East Rancho Dominguez, CA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In East Rancho Dominguez, homeowners have a median income of $76,016. Using that number, a maximum of $1,774 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $40,813, which means there is a maximum of $952 to be spent on the costs of renting a home or apartment.

      California Sales Tax

      State General Sales Tax With Max Surtax
      California 7.25% 10.5%

      California Income Tax

      State Income Tax (Low) Income Tax (High)
      California 1% 12.3%

      Goods & Services

      Item East Rancho Dominguez National avg. Difference
      Haircut $24.67$24.261.7%
      Beauty Salon $49.33$45.568.3%
      Toothpaste $3.76$3.701.5%
      Shampoo $1.41$1.289.8%
      Movie $13.46$12.1311.0%
      Bowling $19.07$18.006.0%

      Groceries

      Item East Rancho Dominguez National avg. Difference
      Ground Beef $6.26$5.847.2%
      Fried Chicken $2.08$1.5732.2%
      Milk $4.76$4.671.9%
      Potatoes $4.94$4.930.2%
      Pizza $16.13$12.0933.5%
      Beer $9.60$10.417.8%

      Health Care

      Item East Rancho Dominguez National avg. Difference
      Optometrist $129.09$125.682.7%
      Doctor $119.86$135.7811.7%
      Dentist $108.07$113.294.6%
      Ibuprofen $10.36$10.652.7%
      Lipitor $505.41$468.607.9%

      Housing

      Item East Rancho Dominguez National avg. Difference
      Home Price $379,400.00$184,700.00105.4%
      Avg. Mortgage Payment $2,799.02$2,346.6919.3%
      Apartment Rent $1,334.00$949.0040.6%

      Transportation

      Item East Rancho Dominguez National avg. Difference
      Gasoline $4.47$3.4629.3%
      Tire Balancing $58.33$59.922.6%

      Utilities

      Item East Rancho Dominguez National avg. Difference
      All Electricity $326.49$193.9968.3%
      Phone $182.78$192.254.9%
      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 Population Cost of Living Index National Avg.
      Vernon, CA24811717.0%
      Willowbrook, CA24,40113333.3%
      Rolling Hills CDP, CA83213433.9%
      Compton, CA95,80413636.2%
      Florence-Graham, CA64,78713736.5%
      East Rancho Dominguez, CA15,25213736.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Ladson, SC15,2521011.2%
      Mercier, QC15,257n/a 
      Bay Village, OH15,2581077.4%
      Salida, CA15,26913131.4%
      Hartford, WI15,2281011.1%
      East Rancho Dominguez, CA15,25213736.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.