Cost of living in Lamont 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 Lamont 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 Lamont is 99, with 100 being the average.
The cost of living index in Lamont is 1.0x lower than the national average.
Lamont ranks as the #26 cheapest in California out of 635.
Lamont ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Lamont is $161,200.
The median income in Lamont is $40,341.
According to the most recent data on the cost of living, Lamont has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to California, Lamont has a cost of living index that's 0.7x lower than California's index of 139.
The standard of living in Lamont ranks as #26 most affordable out of the 635 places we measured in California. By definition, that implies Lamont ranks as the #609 most expensive place in the Golden State.
For more reading on life in Lamont, check out:
Six factors go into calculating the cost of living index in Lamont. Here is how it fairs on each of the criteria:
The Services index in Lamont is 103.
The Groceries index in Lamont is 102.
The Health index in Lamont is 107.
The Housing index in Lamont is 65.
The Transportation index in Lamont is 127.
The Utilities index in Lamont is 168.
Living Expense | Lamont | California | National Average | |
---|---|---|---|---|
Overall | 99 | 139 | 100 | |
Services | 103 | 110 | 100 | |
Groceries | 102 | 112 | 100 | |
Health | 107 | 109 | 100 | |
Housing | 65 | 204 | 100 | |
Transportation | 127 | 126 | 100 | |
Utilities | 168 | 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 Lamont is $161,200.
The Median Rent in Lamont is $874.
The Median Income in Lamont is $40,341.
The Home Value To Income in Lamont is 4.0x.
The Rent To Monthly Income in Lamont is 0.26x.
Statistic | Lamont | California | United States |
---|---|---|---|
Median Home Value | $161,200 | $573,200 | $244,900 |
Median Rent | $874 | $1,698 | $1,163 |
Median Income | $40,341 | $84,097 | $69,021 |
Home Value To Income | 4.0x | 6.8x | 3.5x |
Rent To Monthly Income | 0.26x | 0.24x | 0.2x |
Item | Lamont | California |
---|---|---|
Shampoo | $1.16 | $1.06 |
Movie | $10.31 | $10.68 |
Bowling | $14.28 | $14.67 |
Haircut | $20.0 | $18.62 |
Beauty Salon | $55.0 | $39.05 |
Item | Lamont | California |
---|---|---|
Ground Beef | $4.37 | $4.22 |
Fried Chicken | $1.53 | $1.39 |
Milk | $2.37 | $2.05 |
Potatoes | $3.31 | $3.29 |
Pizza | $8.97 | $10.62 |
Beer | $8.81 | $9.38 |
Toothpaste | $2.6 | $2.34 |
Item | Lamont | California |
---|---|---|
Optometrist | $91.67 | $108.57 |
Doctor | $131.39 | $116.17 |
Dentist | $117.39 | $99.13 |
Item | Lamont | California |
---|---|---|
Gasoline | $3.22 | $2.22 |
Tire Balancing | $46.66 | $50.07 |
Item | Lamont | California |
---|---|---|
All Electricity | $370.41 | $167.67 |
Phone | $176.01 | $175.64 |
The cost of living varies in the cities and towns around Lamont. Here's a quick look at the cost of living in the most populous nearby places:
Bakersfield, CA has a cost of living index of 117, 1.2x Lamont.
Oildale, CA has a cost of living index of 103, 1.0x Lamont.
Arvin, CA has a cost of living index of 101, 1.0x Lamont.
City | Population | Cost Of Living | Vs. Lamont |
---|---|---|---|
Bakersfield, CA | 398,756 | 117 | 1.2x |
Oildale, CA | 34,350 | 103 | 1.0x |
Arvin, CA | 19,568 | 101 | 1.0x |
Rosedale, CA | 18,875 | 133 | 1.3x |
Bear Valley Springs, CA | 5,067 | 119 | 1.2x |