Cost of living in Diamond Springs 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 Diamond Springs 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 Diamond Springs is 123, with 100 being the average.
The cost of living index in Diamond Springs is 1.2x higher than the national average.
Diamond Springs ranks as the #217 cheapest in California out of 635.
Diamond Springs ranks as the #4,954 cheapest out of 6,412 in the US.
The median home value in Diamond Springs is $344,000.
The median income in Diamond Springs is $64,674.
According to the most recent data on the cost of living, Diamond Springs has an overall cost of living index of 123, which is 1.2x higher than the national index of 100.
Compared to California, Diamond Springs has a cost of living index that's 0.9x lower than California's index of 139.
The standard of living in Diamond Springs ranks as #217 most affordable out of the 635 places we measured in California. By definition, that implies Diamond Springs ranks as the #418 most expensive place in the Golden State.
For more reading on life in Diamond Springs, check out:
Six factors go into calculating the cost of living index in Diamond Springs. Here is how it fairs on each of the criteria:
The Services index in Diamond Springs is 115.
The Groceries index in Diamond Springs is 110.
The Health index in Diamond Springs is 123.
The Housing index in Diamond Springs is 130.
The Transportation index in Diamond Springs is 134.
The Utilities index in Diamond Springs is 111.
Living Expense | Diamond Springs | California | National Average | |
---|---|---|---|---|
Overall | 123 | 139 | 100 | |
Services | 115 | 110 | 100 | |
Groceries | 110 | 112 | 100 | |
Health | 123 | 109 | 100 | |
Housing | 130 | 204 | 100 | |
Transportation | 134 | 126 | 100 | |
Utilities | 111 | 124 | 100 |
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 Diamond Springs is $344,000.
The Median Rent in Diamond Springs is $1,479.
The Median Income in Diamond Springs is $64,674.
The Home Value To Income in Diamond Springs is 5.3x.
The Rent To Monthly Income in Diamond Springs is 0.27x.
Statistic | Diamond Springs | California | United States |
---|---|---|---|
Median Home Value | $344,000 | $573,200 | $244,900 |
Median Rent | $1,479 | $1,698 | $1,163 |
Median Income | $64,674 | $84,097 | $69,021 |
Home Value To Income | 5.3x | 6.8x | 3.5x |
Rent To Monthly Income | 0.27x | 0.24x | 0.2x |
Item | Diamond Springs | 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 |
Item | Diamond Springs | 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 |
Item | Diamond Springs | California |
---|---|---|
Optometrist | $148.5 | $108.57 |
Doctor | $194.75 | $116.17 |
Dentist | $94.8 | $99.13 |
Item | Diamond Springs | California |
---|---|---|
Gasoline | $3.24 | $2.22 |
Tire Balancing | $51.87 | $50.07 |
Item | Diamond Springs | California |
---|---|---|
All Electricity | $192.37 | $167.67 |
Phone | $186.51 | $175.64 |
The cost of living varies in the cities and towns around Diamond Springs. Here's a quick look at the cost of living in the most populous nearby places:
Folsom, CA has a cost of living index of 144, 1.2x Diamond Springs.
El Dorado Hills, CA has a cost of living index of 163, 1.3x Diamond Springs.
Granite Bay, CA has a cost of living index of 171, 1.4x Diamond Springs.
City | Population | Cost Of Living | Vs. Diamond Springs |
---|---|---|---|
Folsom, CA | 79,201 | 144 | 1.2x |
El Dorado Hills, CA | 48,612 | 163 | 1.3x |
Granite Bay, CA | 21,673 | 171 | 1.4x |
Cameron Park, CA | 17,790 | 134 | 1.1x |
Auburn, CA | 13,738 | 134 | 1.1x |
Cold Springs, NV | 10,920 | 105 | 0.9x |
Placerville, CA | 10,777 | 123 | 1.0x |
Pollock Pines, CA | 6,450 | 119 | 1.0x |
Rancho Murieta, CA | 5,874 | 146 | 1.2x |