An Overview of Cost of Living in Glendora, CA
Knowing the cost of living in Glendora 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 Glendora stands at 170, marking it 70% 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 Glendora 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, Glendora falls into this category, which may not align with your goal of finding a budget-friendly living environment.
Housing costs are a very significant part of the Glendora cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 197.6% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.
Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Glendora, you can expect to pay 16.2% more than average for these items, making it a more expensive place to live.
Groceries are getting more expensive by the day and the cost of groceries makes up 13% of the overall cost of living index. In the past two years, prices have shot up by over 10%! Unfortunately, in Glendora, it's the same story – grocery costs are 12.2% higher than what people pay across the country.
What Do Locals Say About the Cost of Living in Glendora?
The real experts on a city are its residents. That's why we reached out to 6 locals to get their views on the cost of living in Glendora. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 67% found it budget-friendly with decreasing prices, while 33% said it's simply not affordable as prices have continued to rise.
Is Glendora Affordable?
Is Glendora 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 Glendora, the median home price is 245.2% higher than what most folks pay across the country, and monthly rent prices are 86.7% higher than the usual rates. Income levels in Glendora come in at $99,153, which is 79.2% higher than the national average.
What Factors can Influence the Cost of Living in Glendora?
Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Glendora, the transportation index is 24.3% higher than the national average.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Glendora, the utilities index registers at 12.4% 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 Glendora, healthcare costs are 7.9% higher than the national average.
Where is the Data From?
The Glendora 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.
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