F
28%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
65%
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 Rancho Cordova California National
Cost of living128140100
Goods & Services109111100
Groceries108112100
Health care113109100
Housing165196100
Transportation121126100
Utilities114127100

An Overview of Cost of Living in Rancho Cordova, CA

Are you thinking about relocating, but curious about the potential cost of living in Rancho Cordova? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Rancho Cordova stands at 128, making it 28% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Rancho Cordova is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Rancho Cordova falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs significantly influence the Rancho Cordova 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 65.2%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Is Rancho Cordova Affordable?

Is Rancho Cordova affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Rancho Cordova, for instance, where the median home price falls 76.1% higher than the national average, and monthly rent rates are 39.8% higher than usual. Additionally, median income levels contribute to the equation, with Rancho Cordova flaunting a median household income of $69,963, 26.5% higher than the national norm.

What Factors can Influence the Cost of Living in Rancho Cordova?

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Rancho Cordova, healthcare costs are 13.1% higher than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Rancho Cordova comes in at 14% higher than the national average.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Rancho Cordova, the transportation index stands at 20.8% higher than the national average.

Where is the Data From?

The cost of living in Rancho Cordova, 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 Rancho Cordova is 9% lower than the California average
  • The cost of living in Rancho Cordova is 28% higher than the national average
  • Rancho Cordova housing is 65% 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 Rancho Cordova

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Compare Rancho Cordova, 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$90,250$7,521$2,106$2,708
      Renters$50,503$4,209$1,178$1,515
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Rancho Cordova, CA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Rancho Cordova homeowners, is $90,250. This would allow for a maximum of $2,106 per month to be spent on housing costs. For renters, the median monthly income is $50,503 which would result in a maximum of $1,178 to be spent on rental 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 Rancho Cordova National avg. Difference
      Haircut $40.00$24.2664.9%
      Beauty Salon $60.53$45.5632.8%
      Toothpaste $3.67$3.701.0%
      Shampoo $1.44$1.2812.5%
      Movie $13.76$12.1313.4%
      Bowling $22.22$18.0023.5%

      Groceries

      Item Rancho Cordova National avg. Difference
      Ground Beef $5.56$5.844.7%
      Fried Chicken $2.06$1.5731.0%
      Milk $4.93$4.675.5%
      Potatoes $4.69$4.935.0%
      Pizza $13.98$12.0915.7%
      Beer $10.49$10.410.8%

      Health Care

      Item Rancho Cordova National avg. Difference
      Optometrist $153.50$125.6822.1%
      Doctor $201.43$135.7848.3%
      Dentist $115.72$113.292.1%
      Ibuprofen $11.03$10.653.5%
      Lipitor $380.45$468.6018.8%

      Housing

      Item Rancho Cordova National avg. Difference
      Home Price $325,300.00$184,700.0076.1%
      Avg. Mortgage Payment $3,182.68$2,346.6935.6%
      Apartment Rent $1,327.00$949.0039.8%

      Transportation

      Item Rancho Cordova National avg. Difference
      Gasoline $4.51$3.4630.2%
      Tire Balancing $58.67$59.922.1%

      Utilities

      Item Rancho Cordova National avg. Difference
      All Electricity $238.53$193.9923.0%
      Phone $190.81$192.250.7%
      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.
      Clarksburg, CA36611211.6%
      Freeport, CA7011211.6%
      Fruitridge Pocket, CA5,77111010.0%
      McClellan Park, CA84311514.7%
      Parkway, CA16,28211716.8%
      Rancho Cordova, CA74,39412827.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Rock Hill, SC74,410981.7%
      Rochester Hills, MI74,34011717.4%
      Buckeye, AZ74,46711212.2%
      Bolingbrook, IL74,31911010.4%
      Jacksonville, NC74,313973.3%
      Rancho Cordova, CA74,39412827.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.