Carmichael, CA Cost Of Living
Cost Of Living In Carmichael, CA Summary
Cost of living in Carmichael research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Carmichael is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in California, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Carmichael is 124, with 100 being the average.
The cost of living index in Carmichael is 1.2x higher than the national average.
Carmichael ranks as the #226 cheapest in California out of 635.
Carmichael ranks as the #4,999 cheapest out of 6,412 in the US.
The median home value in Carmichael is $429,000.
The median income in Carmichael is $74,184.
Table Of Contents
Carmichael's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Carmichael, CA?
According to the most recent data on the cost of living, Carmichael has an overall cost of living index of 124, which is 1.2x higher than the national index of 100.
Compared to California, Carmichael has a cost of living index that's 0.9x lower than California's index of 139.
The standard of living in Carmichael ranks as #226 most affordable out of the 635 places we measured in California. By definition, that implies Carmichael ranks as the #409 most expensive place in the Golden State.
For more reading on life in Carmichael, check out:
- Living In Carmichael
- Search Homes For Sale In Carmichael, CA
In California
In America
Carmichael Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Carmichael. Here is how it fairs on each of the criteria:
The Services index in Carmichael is 117.
The Groceries index in Carmichael is 110.
The Health index in Carmichael is 123.
The Housing index in Carmichael is 146.
The Transportation index in Carmichael is 134.
The Utilities index in Carmichael is 110.
| Living Expense | Carmichael | California | National Average | |
|---|---|---|---|---|
| Overall | 124 | 139 | 100 | |
| Services | 117 | 110 | 100 | |
| Groceries | 110 | 112 | 100 | |
| Health | 123 | 109 | 100 | |
| Housing | 146 | 204 | 100 | |
| Transportation | 134 | 126 | 100 | |
| Utilities | 110 | 124 | 100 | |
Carmichael, CA Housing Cost Breakdown
Housing swings affordability the most between places in California, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Carmichael is $429,000.
The Median Rent in Carmichael is $1,334.
The Median Income in Carmichael is $74,184.
The Home Value To Income in Carmichael is 5.8x.
The Rent To Monthly Income in Carmichael is 0.22x.
| Statistic | Carmichael | California | United States |
|---|---|---|---|
| Median Home Value | $429,000 | $573,200 | $244,900 |
| Median Rent | $1,334 | $1,698 | $1,163 |
| Median Income | $74,184 | $84,097 | $69,021 |
| Home Value To Income | 5.8x | 6.8x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.24x | 0.2x |
Median Home Value
Median Rent
Median Income
Carmichael, CA Costs By Category
Detailed Carmichael Services Costs Vs. California
| Item | Carmichael | California |
|---|---|---|
| Shampoo | $1.24 | $1.06 |
| Movie | $13.93 | $10.68 |
| Bowling | $20.08 | $14.67 |
| Haircut | $24.02 | $18.62 |
| Beauty Salon | $62.28 | $39.05 |
Detailed Carmichael Groceries Costs Vs. California
| Item | Carmichael | California |
|---|---|---|
| Ground Beef | $5.05 | $4.22 |
| Fried Chicken | $1.31 | $1.39 |
| Milk | $2.66 | $2.05 |
| Potatoes | $3.2 | $3.29 |
| Pizza | $17.03 | $10.62 |
| Beer | $9.52 | $9.38 |
| Toothpaste | $2.79 | $2.34 |
Detailed Carmichael Health Costs Vs. California
| Item | Carmichael | California |
|---|---|---|
| Optometrist | $148.5 | $108.57 |
| Doctor | $194.75 | $116.17 |
| Dentist | $94.8 | $99.13 |
Detailed Carmichael Transportation Costs Vs. California
| Item | Carmichael | California |
|---|---|---|
| Gasoline | $3.24 | $2.22 |
| Tire Balancing | $51.87 | $50.07 |
Detailed Carmichael Utilities Costs Vs. California
| Item | Carmichael | California |
|---|---|---|
| All Electricity | $192.37 | $167.67 |
| Phone | $186.51 | $175.64 |
Carmichael SnackAbility
/10
Cost Of Living In Cities Around Carmichael
The cost of living varies in the cities and towns around Carmichael. Here's a quick look at the cost of living in the most populous nearby places:
Arden-Arcade, CA has a cost of living index of 126, 1.0x Carmichael.
Citrus Heights, CA has a cost of living index of 117, 0.9x Carmichael.
Folsom, CA has a cost of living index of 144, 1.2x Carmichael.
| City | Population | Cost Of Living | Vs. Carmichael |
|---|---|---|---|
| Arden-Arcade, CA | 95,909 | 126 | 1.0x |
| Citrus Heights, CA | 87,521 | 117 | 0.9x |
| Folsom, CA | 79,201 | 144 | 1.2x |
| Rancho Cordova, CA | 78,358 | 117 | 0.9x |
| Rocklin, CA | 70,317 | 137 | 1.1x |
| El Dorado Hills, CA | 48,612 | 163 | 1.3x |
| North Highlands, CA | 48,424 | 109 | 0.9x |
| Antelope, CA | 48,421 | 125 | 1.0x |
| Vineyard, CA | 41,505 | 134 | 1.1x |
| Foothill Farms, CA | 37,432 | 111 | 0.9x |
