F
16%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
30%
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 Fresno California National
Cost of living116140100
Goods & Services104111100
Groceries104112100
Health care96109100
Housing130196100
Transportation120126100
Utilities140127100

An Overview of Cost of Living in Fresno, CA

Understanding the cost of living in Fresno 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 Fresno cost of living index is 116, which is 16% 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.

When it comes to the cost of living in Fresno, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 29.9% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

What Do Locals Say About the Cost of Living in Fresno?

The real experts on a city are its residents. That's why we reached out to 33 locals to get their views on the cost of living in Fresno. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 30% found it budget-friendly with decreasing prices, while 70% said it's simply not affordable as prices have continued to rise.

Is Fresno Affordable?

Is Fresno 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 Fresno, the median home price is 38.6% higher than the national average and monthly rent prices are 9.7% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Fresno boasting a median household income of $53,368, 3.5% lower than the national average.

What Factors can Influence the Cost of Living in Fresno?

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 Fresno, the transportation index is 20% higher than the national average.

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.

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 Fresno, the utilities index stands at 40.4% higher than the national average.

Where is the Data From?

The cost of living data in Fresno displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Fresno is 17% lower than the California average
  • The cost of living in Fresno is 16% higher than the national average
  • Fresno housing is 30% 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 Fresno

See all the best places to live around Fresno

Compare Fresno, CA Cost of Living

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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$79,512$6,626$1,855$2,386
      Renters$34,357$2,863$802$1,031
      The affordability of the housing market in Fresno, CA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Fresno homeowners, the median income is $79,512. This indicates that a monthly maximum of $1,855 should be spent by homeowners on all housing related costs. Renters have a median income of $34,357. This indicates that renters would have a maximum of $802 for their rent related monthly costs.

      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 Fresno National avg. Difference
      Haircut $26.83$24.2610.6%
      Beauty Salon $76.57$45.5668.0%
      Toothpaste $3.86$3.704.3%
      Shampoo $1.56$1.2821.9%
      Movie $14.64$12.1320.6%
      Bowling $23.78$18.0032.1%

      Groceries

      Item Fresno National avg. Difference
      Ground Beef $6.21$5.846.3%
      Fried Chicken $2.10$1.5733.7%
      Milk $4.99$4.676.9%
      Potatoes $4.98$4.930.9%
      Pizza $15.69$12.0929.8%
      Beer $10.96$10.415.3%

      Health Care

      Item Fresno National avg. Difference
      Optometrist $157.88$125.6825.6%
      Doctor $166.71$135.7822.8%
      Dentist $148.27$113.2930.9%
      Ibuprofen $11.69$10.659.8%
      Lipitor $498.45$468.606.4%

      Housing

      Item Fresno National avg. Difference
      Home Price $256,000.00$184,700.0038.6%
      Avg. Mortgage Payment $4,545.90$2,346.6993.7%
      Apartment Rent $1,041.00$949.009.7%

      Transportation

      Item Fresno National avg. Difference
      Gasoline $4.63$3.4633.9%
      Tire Balancing $70.51$59.9217.7%

      Utilities

      Item Fresno National avg. Difference
      All Electricity $299.78$193.9954.5%
      Phone $191.56$192.250.4%
      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.
      Monmouth, CA1131011.5%
      Raisin City, CA3771033.4%
      Calwa, CA2,3631044.1%
      West Park, CA1,0251044.2%
      Del Rey, CA1,2461077.5%
      Fresno, CA526,14711616.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Mesa, AZ508,91811615.8%
      Tucson, AZ545,3401011.1%
      Québec, QC548,244n/a 
      Sacramento, CA503,48213231.8%
      Atlanta, GA497,64211615.8%
      Fresno, CA526,14711616.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.