Cost of living in Palermo 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 Palermo 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 Palermo is 109, with 100 being the average.
The cost of living index in Palermo is 1.1x higher than the national average.
Palermo ranks as the #107 cheapest in California out of 635.
Palermo ranks as the #4,038 cheapest out of 6,412 in the US.
The median home value in Palermo is $222,200.
The median income in Palermo is $42,135.
According to the most recent data on the cost of living, Palermo has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to California, Palermo has a cost of living index that's 0.8x lower than California's index of 139.
The standard of living in Palermo ranks as #107 most affordable out of the 635 places we measured in California. By definition, that implies Palermo ranks as the #528 most expensive place in the Golden State.
For more reading on life in Palermo, check out:
Six factors go into calculating the cost of living index in Palermo. Here is how it fairs on each of the criteria:
The Services index in Palermo is 116.
The Groceries index in Palermo is 109.
The Health index in Palermo is 120.
The Housing index in Palermo is 97.
The Transportation index in Palermo is 132.
The Utilities index in Palermo is 110.
Living Expense | Palermo | California | National Average | |
---|---|---|---|---|
Overall | 109 | 139 | 100 | |
Services | 116 | 110 | 100 | |
Groceries | 109 | 112 | 100 | |
Health | 120 | 109 | 100 | |
Housing | 97 | 204 | 100 | |
Transportation | 132 | 126 | 100 | |
Utilities | 110 | 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 Palermo is $222,200.
The Median Rent in Palermo is $950.
The Median Income in Palermo is $42,135.
The Home Value To Income in Palermo is 5.3x.
The Rent To Monthly Income in Palermo is 0.27x.
Statistic | Palermo | California | United States |
---|---|---|---|
Median Home Value | $222,200 | $573,200 | $244,900 |
Median Rent | $950 | $1,698 | $1,163 |
Median Income | $42,135 | $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 | Palermo | 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 | Palermo | 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 | Palermo | California |
---|---|---|
Optometrist | $148.5 | $108.57 |
Doctor | $194.75 | $116.17 |
Dentist | $94.8 | $99.13 |
Item | Palermo | California |
---|---|---|
Gasoline | $3.24 | $2.22 |
Tire Balancing | $51.87 | $50.07 |
Item | Palermo | California |
---|---|---|
All Electricity | $192.37 | $167.67 |
Phone | $186.51 | $175.64 |
The cost of living varies in the cities and towns around Palermo. Here's a quick look at the cost of living in the most populous nearby places:
Oroville, CA has a cost of living index of 104, 1.0x Palermo.
Live Oak, CA has a cost of living index of 170, 1.6x Palermo.
Marysville, CA has a cost of living index of 107, 1.0x Palermo.
City | Population | Cost Of Living | Vs. Palermo |
---|---|---|---|
Oroville, CA | 20,409 | 104 | 1.0x |
Live Oak, CA | 16,948 | 170 | 1.6x |
Marysville, CA | 12,451 | 107 | 1.0x |
Oroville East, CA | 7,701 | 114 | 1.0x |
Gridley, CA | 7,510 | 106 | 1.0x |
Thermalito, CA | 6,665 | 108 | 1.0x |
Durham, CA | 5,989 | 134 | 1.2x |