| Index | Folsom | California | National |
| Cost of living | 165 | 141 | 100 |
| Groceries | 110 | 111 | 100 |
| Health care | 117 | 116 | 100 |
| Housing | 278 | 197 | 100 |
| Transportation | 120 | 118 | 100 |
| Utilities | 120 | 119 | 100 |
| Lifestyle & Entertainment | 118 | 120 | 100 |
| Household Items | 109 | 111 | 100 |
| Education & Childcare | 130 | 127 | 100 |
The cost of living in Folsom 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 Folsom is 165, which is 65% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
If you're in pursuit of an economical living environment, Folsom may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Folsom falls within this bracket.
Housing costs significantly influence the Folsom 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 178.3%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
Is Folsom an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Folsom, the median home price is 216% higher than what most folks pay across the country, and monthly rent prices are 90.2% higher than the usual rates. Income levels in Folsom come in at $173,212, which is 113% higher than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Folsom, healthcare costs are 17% higher than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including 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 farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
The Folsom 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 | $210,926 | $17,577 | $4,921 | $6,328 |
| Renters | $106,978 | $8,915 | $2,496 | $3,210 |
| 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. |
| Cold Springs CDP (Tuolumne County), CA | 128 | 114 | 13.8% |
| Cold Springs, CA | 698 | 95 | 4.9% |
| McClellan Park, CA | 870 | 117 | 16.6% |
| North Highlands, CA | 50,172 | 119 | 18.7% |
| Florin, CA | 50,631 | 122 | 22.4% |
| Folsom, CA | 82,389 | 165 | 65.3% |
| City | Population | Cost of Living Index | National Avg. |
| Springdale, AR | 82,462 | 90 | 9.8% |
| Alameda, CA | 82,498 | 206 | 106.1% |
| Mountain View, CA | 82,261 | 285 | 184.5% |
| Caledon, ON | 82,130 | n/a | |
| Prince George, BC | 82,094 | n/a | |
| Folsom, CA | 82,389 | 165 | 65.3% |
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