F
198%
Overall NAT. AVG.
20%
Goods & Services NAT. AVG.
601%
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 Mill Valley California National
Cost of living298140100
Goods & Services120111100
Groceries123112100
Health care125109100
Housing701196100
Transportation132126100
Utilities136127100

An Overview of Cost of Living in Mill Valley, CA

Understanding the cost of living in Mill Valley 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 Mill Valley cost of living index is 298, which is 198% 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 you're in pursuit of an economical living environment, Mill Valley 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, Mill Valley falls within this bracket.

When it comes to the cost of living in Mill Valley, 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 601.2% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, 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 Mill Valley, you you will have to spend 19.9% more than average when compared to the typical prices 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 Mill Valley, it's the same story – grocery costs are 22.5% higher than what people pay across the country.

What Do Locals Say About the Cost of Living in Mill Valley?

Nobody knows their city better than the people who actually live there. So, we asked 7 local residents how they would rate the cost of living in Mill Valley and this is how they responded. 0% of people said that the cost of living was affordable, with prices decreasing, while 100% of people said that the cost of living was very expensive and prices continue to rise.

Is Mill Valley Affordable?

Is Mill Valley 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 Mill Valley, the median home price is 780% higher than what most folks pay across the country, and monthly rent prices are 183.9% higher than the usual rates. Income levels in Mill Valley come in at $170,946, which is 209% higher than the national average.

What Factors can Influence the Cost of Living in Mill Valley?

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Mill Valley, the prevailing sales tax rate starts at 7.25%, and income tax rates kick off at 1%.

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 Mill Valley, the groceries index is 22.5% 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 Mill Valley, the utilities index registers at 35.8% higher than the national average.

Where is the Data From?

The cost of living in Mill Valley, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Mill Valley is 113% higher than the California average
  • The cost of living in Mill Valley is 198% higher than the national average
  • Mill Valley housing is 601% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 61% lower than the national average

Most Affordable Places to Live in and Around Mill Valley

See all the best places to live around Mill Valley

Compare Mill Valley, 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$218,600$18,217$5,100$6,559
      Renters$110,682$9,224$2,582$3,321
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Mill Valley, 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 Mill Valley, homeowners have a median income of $218,600. Using that number, a maximum of $5,100 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $110,682, which means there is a maximum of $2,582 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% 13.3%

      Goods & Services

      Item Mill Valley National avg. Difference
      Haircut $28.38$24.2617.0%
      Beauty Salon $85.43$45.5687.5%
      Toothpaste $4.09$3.7010.4%
      Shampoo $1.65$1.2829.1%
      Movie $16.02$12.1332.0%
      Bowling $24.01$18.0033.4%

      Groceries

      Item Mill Valley National avg. Difference
      Ground Beef $6.23$5.846.7%
      Fried Chicken $2.11$1.5734.1%
      Milk $5.18$4.6710.9%
      Potatoes $4.98$4.930.9%
      Pizza $15.74$12.0930.2%
      Beer $11.21$10.417.6%

      Health Care

      Item Mill Valley National avg. Difference
      Optometrist $159.79$125.6827.1%
      Doctor $174.45$135.7828.5%
      Dentist $155.36$113.2937.1%
      Ibuprofen $11.30$10.656.1%
      Lipitor $498.84$468.606.5%

      Housing

      Item Mill Valley National avg. Difference
      Home Price $1,625,400.00$184,700.00780.0%
      Avg. Mortgage Payment $7,224.18$2,346.69207.8%
      Apartment Rent $2,694.00$949.00183.9%

      Transportation

      Item Mill Valley National avg. Difference
      Gasoline $4.63$3.4633.9%
      Tire Balancing $75.33$59.9225.7%

      Utilities

      Item Mill Valley National avg. Difference
      All Electricity $298.77$193.9954.0%
      Phone $203.63$192.255.9%
      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.
      Strawberry CDP (Tuolumne County), CA11612524.6%
      El Cerrito CDP, CA5,69914039.6%
      San Pablo, CA30,95914242.0%
      North Richmond, CA4,25814444.2%
      Montalvin Manor, CA2,49014646.2%
      Mill Valley, CA14,456298197.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Scottsboro, AL14,4528812.0%
      Midlothian, IL14,4641010.7%
      Norridge, IL14,46512221.7%
      North Auburn, CA14,44613434.4%
      Owosso, MI14,4768812.4%
      Mill Valley, CA14,456298197.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.