Morro Bay, CA Cost Of Living
Cost Of Living In Morro Bay, CA Summary
Cost of living in Morro Bay 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 Morro Bay 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 Morro Bay is 149, with 100 being the average.
The cost of living index in Morro Bay is 1.5x higher than the national average.
Morro Bay ranks as the #411 cheapest in California out of 635.
Morro Bay ranks as the #5,822 cheapest out of 6,412 in the US.
The median home value in Morro Bay is $708,100.
The median income in Morro Bay is $80,808.
Table Of Contents
Morro Bay's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Morro Bay, CA?
According to the most recent data on the cost of living, Morro Bay has an overall cost of living index of 149, which is 1.5x higher than the national index of 100.
Compared to California, Morro Bay has a cost of living index that's 1.1x higher than California's index of 139.
The standard of living in Morro Bay ranks as #411 most affordable out of the 635 places we measured in California. By definition, that implies Morro Bay ranks as the #224 most expensive place in the Golden State.
For more reading on life in Morro Bay, check out:
- Living In Morro Bay
- Morro Bay Crime Report
- Search Homes For Sale In Morro Bay, CA
In California
In America
Morro Bay Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Morro Bay. Here is how it fairs on each of the criteria:
The Services index in Morro Bay is 101.
The Groceries index in Morro Bay is 101.
The Health index in Morro Bay is 110.
The Housing index in Morro Bay is 229.
The Transportation index in Morro Bay is 130.
The Utilities index in Morro Bay is 169.
| Living Expense | Morro Bay | California | National Average | |
|---|---|---|---|---|
| Overall | 149 | 139 | 100 | |
| Services | 101 | 110 | 100 | |
| Groceries | 101 | 112 | 100 | |
| Health | 110 | 109 | 100 | |
| Housing | 229 | 204 | 100 | |
| Transportation | 130 | 126 | 100 | |
| Utilities | 169 | 124 | 100 | |
Morro Bay, 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 Morro Bay is $708,100.
The Median Rent in Morro Bay is $1,646.
The Median Income in Morro Bay is $80,808.
The Home Value To Income in Morro Bay is 8.8x.
The Rent To Monthly Income in Morro Bay is 0.24x.
| Statistic | Morro Bay | California | United States |
|---|---|---|---|
| Median Home Value | $708,100 | $573,200 | $244,900 |
| Median Rent | $1,646 | $1,698 | $1,163 |
| Median Income | $80,808 | $84,097 | $69,021 |
| Home Value To Income | 8.8x | 6.8x | 3.5x |
| Rent To Monthly Income | 0.24x | 0.24x | 0.2x |
Median Home Value
Median Rent
Median Income
Morro Bay, CA Costs By Category
Detailed Morro Bay Services Costs Vs. California
| Item | Morro Bay | 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 |
Detailed Morro Bay Groceries Costs Vs. California
| Item | Morro Bay | 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 |
Detailed Morro Bay Health Costs Vs. California
| Item | Morro Bay | California |
|---|---|---|
| Optometrist | $91.67 | $108.57 |
| Doctor | $131.39 | $116.17 |
| Dentist | $117.39 | $99.13 |
Detailed Morro Bay Transportation Costs Vs. California
| Item | Morro Bay | California |
|---|---|---|
| Gasoline | $3.22 | $2.22 |
| Tire Balancing | $46.66 | $50.07 |
Detailed Morro Bay Utilities Costs Vs. California
| Item | Morro Bay | California |
|---|---|---|
| All Electricity | $370.41 | $167.67 |
| Phone | $176.01 | $175.64 |
Morro Bay SnackAbility
/10
Cost Of Living In Cities Around Morro Bay
The cost of living varies in the cities and towns around Morro Bay. Here's a quick look at the cost of living in the most populous nearby places:
San Luis Obispo, CA has a cost of living index of 158, 1.1x Morro Bay.
Atascadero, CA has a cost of living index of 139, 0.9x Morro Bay.
Los Osos, CA has a cost of living index of 143, 1.0x Morro Bay.
| City | Population | Cost Of Living | Vs. Morro Bay |
|---|---|---|---|
| San Luis Obispo, CA | 47,257 | 158 | 1.1x |
| Atascadero, CA | 29,771 | 139 | 0.9x |
| Los Osos, CA | 15,692 | 143 | 1.0x |
| Templeton, CA | 8,458 | 139 | 0.9x |
| Pismo Beach, CA | 8,058 | 168 | 1.1x |
| Cambria, CA | 5,487 | 165 | 1.1x |
