Cost of living in Downey 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 Downey 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 Downey is 144, with 100 being the average.
The cost of living index in Downey is 1.4x higher than the national average.
Downey ranks as the #386 cheapest in California out of 635.
Downey ranks as the #5,704 cheapest out of 6,412 in the US.
The median home value in Downey is $608,600.
The median income in Downey is $77,972.
According to the most recent data on the cost of living, Downey has an overall cost of living index of 144, which is 1.4x higher than the national index of 100.
Compared to California, Downey has a cost of living index that's 1.0x higher than California's index of 139.
The standard of living in Downey ranks as #386 most affordable out of the 635 places we measured in California. By definition, that implies Downey ranks as the #249 most expensive place in the Golden State.
For more reading on life in Downey, check out:
Six factors go into calculating the cost of living index in Downey. Here is how it fairs on each of the criteria:
The Services index in Downey is 117.
The Groceries index in Downey is 116.
The Health index in Downey is 112.
The Housing index in Downey is 213.
The Transportation index in Downey is 134.
The Utilities index in Downey is 107.
Living Expense | Downey | California | National Average | |
---|---|---|---|---|
Overall | 144 | 139 | 100 | |
Services | 117 | 110 | 100 | |
Groceries | 116 | 112 | 100 | |
Health | 112 | 109 | 100 | |
Housing | 213 | 204 | 100 | |
Transportation | 134 | 126 | 100 | |
Utilities | 107 | 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 Downey is $608,600.
The Median Rent in Downey is $1,676.
The Median Income in Downey is $77,972.
The Home Value To Income in Downey is 7.8x.
The Rent To Monthly Income in Downey is 0.26x.
Statistic | Downey | California | United States |
---|---|---|---|
Median Home Value | $608,600 | $573,200 | $244,900 |
Median Rent | $1,676 | $1,698 | $1,163 |
Median Income | $77,972 | $84,097 | $69,021 |
Home Value To Income | 7.8x | 6.8x | 3.5x |
Rent To Monthly Income | 0.26x | 0.24x | 0.2x |
Item | Downey | California |
---|---|---|
Shampoo | $1.17 | $1.06 |
Movie | $16.3 | $10.68 |
Bowling | $21.33 | $14.67 |
Haircut | $22.57 | $18.62 |
Beauty Salon | $76.5 | $39.05 |
Item | Downey | California |
---|---|---|
Ground Beef | $4.58 | $4.22 |
Fried Chicken | $1.72 | $1.39 |
Milk | $2.19 | $2.05 |
Potatoes | $2.99 | $3.29 |
Pizza | $11.66 | $10.62 |
Beer | $9.82 | $9.38 |
Toothpaste | $2.51 | $2.34 |
Item | Downey | California |
---|---|---|
Optometrist | $125.58 | $108.57 |
Doctor | $125.0 | $116.17 |
Dentist | $110.78 | $99.13 |
Item | Downey | California |
---|---|---|
Gasoline | $3.31 | $2.22 |
Tire Balancing | $50.62 | $50.07 |
Item | Downey | California |
---|---|---|
All Electricity | $185.68 | $167.67 |
Phone | $189.51 | $175.64 |
The cost of living varies in the cities and towns around Downey. Here's a quick look at the cost of living in the most populous nearby places:
Norwalk, CA has a cost of living index of 130, 0.9x Downey.
South Gate, CA has a cost of living index of 130, 0.9x Downey.
Lakewood, CA has a cost of living index of 143, 1.0x Downey.
City | Population | Cost Of Living | Vs. Downey |
---|---|---|---|
Norwalk, CA | 103,330 | 130 | 0.9x |
South Gate, CA | 93,308 | 130 | 0.9x |
Lakewood, CA | 82,419 | 143 | 1.0x |
Bellflower, CA | 79,070 | 133 | 0.9x |
Lynwood, CA | 67,497 | 127 | 0.9x |
Paramount, CA | 53,904 | 126 | 0.9x |
Cypress, CA | 50,279 | 154 | 1.1x |
La Mirada, CA | 47,957 | 147 | 1.0x |
Bell Gardens, CA | 39,870 | 130 | 0.9x |
Bell, CA | 33,915 | 129 | 0.9x |