| Index | Soledad | California | National |
| Cost of living | 143 | 141 | 100 |
| Groceries | 114 | 111 | 100 |
| Health care | 115 | 116 | 100 |
| Housing | 200 | 197 | 100 |
| Transportation | 122 | 118 | 100 |
| Utilities | 119 | 119 | 100 |
| Lifestyle & Entertainment | 125 | 120 | 100 |
| Household Items | 110 | 111 | 100 |
| Education & Childcare | 127 | 127 | 100 |
The cost of living in Soledad affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Soledad is 143, which is 43% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Soledad 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, Soledad falls into this category, which may not be suitable for those seeking an economically favorable living environment.
Housing costs significantly influence the Soledad 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 99.8%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.
The relentless increase in grocery prices is a noteworthy trend. In the last two years, grocery costs have experienced an upward trajectory of over 10%. Unfortunately, Soledad is no exception, where grocery prices are 14.2% above the national average.
Is Soledad an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Soledad is 131.1% higher than the national average, while the average monthly rent prices are 26.7% higher than average. The affordability of any location can also be influenced by median income levels. Soledad has a median household income of $99,494, which is 22.3% higher than the national average.
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 Soledad, healthcare costs are 15.4% higher than the national average.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Soledad, the groceries index registers 14.2% higher than the national average.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Soledad, the housing index stands at 99.8% higher than the national average.
The cost of living data for Soledad shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Groceries index | |
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| Housing index | |
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| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $117,934 | $9,828 | $2,752 | $3,538 |
| Renters | $52,518 | $4,377 | $1,225 | $1,576 |
| State | General Sales Tax | With Max Surtax |
| California | 7.25% | 10.5% |
| State | Income Tax (Low) | Income Tax (High) |
| California | 1% | 13.3% |
| City | Population | Cost of Living Index | National Avg. |
| Greenfield CDP, CA | 4,762 | 102 | 1.9% |
| Greenfield, CA | 18,212 | 135 | 34.7% |
| Gonzales, CA | 8,676 | 138 | 38.0% |
| Chualar, CA | 1,463 | 142 | 41.8% |
| Soledad, CA | 26,210 | 143 | 42.8% |
| City | Population | Cost of Living Index | National Avg. |
| Lochearn, MD | 26,216 | 111 | 11.2% |
| Bay Point, CA | 26,221 | 134 | 34.4% |
| Franklin, IN | 26,224 | 94 | 6.5% |
| McDonough, GA | 26,228 | 101 | 1.0% |
| Melrose Park, IL | 26,171 | 102 | 2.0% |
| Soledad, CA | 26,210 | 143 | 42.8% |
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