F
Overall 59%
Goods & Services 10%
Housing 157%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexSan Luis ObispoCaliforniaNational
Cost of living159140100
Goods & Services110111100
Groceries110118100
Health care107113100
Housing257196100
Transportation123128100
Utilities146118100

Key findings

  • The cost of living in San Luis Obispo is 13% higher than the California average
  • The cost of living in San Luis Obispo is 59% higher than the national average
  • San Luis Obispo housing is 157% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 59% lower than the national average

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Compare San Luis Obispo, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$88,221$7,352$2,058$2,647
      Renters$31,494$2,625$735$945
      A good indicator of the general affordability of housing in San Luis Obispo, CA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In San Luis Obispo, the median monthly income is $88,221 for those who own their own homes. Under the standard rule, that income level would allow for $2,058 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $31,494, per the median income in the area. That would allow for renters to spend up to $735 on monthly rental expenses.

      California Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      California7.25%10.5%

      California Income Tax

      StateIncome Tax (Low)Income Tax (High)
      California1%13.3%

      Goods & Services

      ItemSan Luis ObispoNational avg.Difference
      Haircut $18.33$17.494.8%
      Beauty Salon $83.33$38.17118.3%
      Toothpaste $3.55$2.3253.0%
      Shampoo $1.17$1.0115.6%
      Movie $11.72$10.729.3%
      Bowling $11.67$13.8615.8%

      Groceries

      ItemSan Luis ObispoNational avg.Difference
      Ground Beef $4.06$3.904.1%
      Fried Chicken $1.97$1.4041.1%
      Milk $2.14$1.969.1%
      Potatoes $3.88$3.1821.9%
      Pizza $8.99$10.3913.5%
      Beer $9.48$9.232.7%

      Health Care

      ItemSan Luis ObispoNational avg.Difference
      Optometrist $108.00$106.341.6%
      Doctor $121.25$115.255.2%
      Dentist $108.33$98.3810.1%
      Ibuprofen $10.90$9.2617.7%
      Lipitor $483.33$466.473.6%

      Housing

      ItemSan Luis ObispoNational avg.Difference
      Home Price $567,600.00$184,700.00207.3%
      Avg. Mortgage Payment $1,214.38$1,273.324.6%
      Apartment Rent $1,323.00$949.0039.4%

      Transportation

      ItemSan Luis ObispoNational avg.Difference
      Gasoline $3.68$2.5942.0%
      Tire Balancing $46.67$48.904.6%

      Utilities

      ItemSan Luis ObispoNational avg.Difference
      All Electricity$312.56$167.6086.5%
      Phone $173.40$163.426.1%
      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, StatePopulationCost of Living IndexNational Avg.
      Los Berros, CA71811717%
      Oceano, CA8,26212828%
      Grover Beach, CA13,48414242%
      Los Osos, CA15,60314444%
      Santa Margarita, CA1,34614646%
      San Luis Obispo, CA46,71615959%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Palm Springs, CA46,71412121%
      Twin Falls, ID46,62387-13%
      Texas City, TX46,81189-11%
      North Highlands, CA46,8411066%
      Hattiesburg, MS46,84683-17%
      San Luis Obispo, CA46,71615959%
      Source: The San Luis Obispo, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.