F
40%
Overall NAT. AVG.
16%
Goods & Services NAT. AVG.
97%
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 West Rancho Dominguez California National
Cost of living140140100
Goods & Services116111100
Groceries112112100
Health care108109100
Housing197196100
Transportation124126100
Utilities112127100

An Overview of Cost of Living in West Rancho Dominguez, CA

Knowing the cost of living in West Rancho Dominguez 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 West Rancho Dominguez stands at 140, marking it 40% higher than the national average.

If you're in pursuit of an economical living environment, West Rancho Dominguez 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, West Rancho Dominguez falls within this bracket.

When it comes to the cost of living in West Rancho Dominguez, 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 96.9% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Recurring goods and services expenses like haircuts, toothpaste, gym memberships and movie nights are a big part of your spending and make up 33% of the cost of living index. In West Rancho Dominguez, these items will cost you 16.2% more than what most folks pay, making it a bit more expensive to live here.

The surge in grocery costs is indeed alarming, especially when groceries make up a large portion of your monthly expenditures. Over the past two years, there has been an inflation of over 10% in grocery prices. Unfortunately, West Rancho Dominguez does not fare better, with grocery expenses coming in at 12.2% higher than the national average.

Is West Rancho Dominguez Affordable?

Is West Rancho Dominguez 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 West Rancho Dominguez, the median home price is 124.3% higher than what most folks pay across the country, and monthly rent prices are 33.1% higher than the usual rates. Income levels in West Rancho Dominguez come in at $67,523, which is 22.1% higher than the national average.

What Factors can Influence the Cost of Living in West Rancho Dominguez?

Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In West Rancho Dominguez, the groceries index is 12.2% higher than the national average.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In West Rancho Dominguez, healthcare costs are 7.9% 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 West Rancho Dominguez comes in at 12.4% higher than the national average.

Where is the Data From?

The cost of living data in West Rancho Dominguez displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in West Rancho Dominguez is equal to the California average
  • The cost of living in West Rancho Dominguez is 40% higher than the national average
  • West Rancho Dominguez housing is 97% 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 West Rancho Dominguez

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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$79,907$6,659$1,864$2,397
      Renters$33,419$2,785$780$1,003
      A good way to judge both the affordability of the housing and the cost of living in West Rancho Dominguez is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. West Rancho Dominguez has a median income of about $79,907 for people who own homes. Based on that number, a maximum of $1,864 should be spent on expenses related to housing. Renters have a slightly different median income, which is $33,419. Based on this average, renters should spend no more than $780 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 West Rancho Dominguez National avg. Difference
      Haircut $24.67$24.261.7%
      Beauty Salon $49.33$45.568.3%
      Toothpaste $3.76$3.701.5%
      Shampoo $1.41$1.289.8%
      Movie $13.46$12.1311.0%
      Bowling $19.07$18.006.0%

      Groceries

      Item West Rancho Dominguez National avg. Difference
      Ground Beef $6.26$5.847.2%
      Fried Chicken $2.08$1.5732.2%
      Milk $4.76$4.671.9%
      Potatoes $4.94$4.930.2%
      Pizza $16.13$12.0933.5%
      Beer $9.60$10.417.8%

      Health Care

      Item West Rancho Dominguez National avg. Difference
      Optometrist $129.09$125.682.7%
      Doctor $119.86$135.7811.7%
      Dentist $108.07$113.294.6%
      Ibuprofen $10.36$10.652.7%
      Lipitor $505.41$468.607.9%

      Housing

      Item West Rancho Dominguez National avg. Difference
      Home Price $414,200.00$184,700.00124.3%
      Avg. Mortgage Payment $2,799.02$2,346.6919.3%
      Apartment Rent $1,263.00$949.0033.1%

      Transportation

      Item West Rancho Dominguez National avg. Difference
      Gasoline $4.47$3.4629.3%
      Tire Balancing $58.33$59.922.6%

      Utilities

      Item West Rancho Dominguez National avg. Difference
      All Electricity $326.49$193.9968.3%
      Phone $182.78$192.254.9%
      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.
      Westside, CA21311615.6%
      Vernon, CA24811717.0%
      Willowbrook, CA24,40113333.3%
      Rolling Hills CDP, CA83213433.9%
      Compton, CA95,80413636.2%
      West Rancho Dominguez, CA21,97714040.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Union City, GA21,976955.0%
      Port Hueneme, CA21,97914646.3%
      Ruston, LA21,9878811.6%
      Martha Lake, WA21,98715251.9%
      Marina, CA21,96616161.1%
      West Rancho Dominguez, CA21,97714040.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.