Paramount, CA Cost Of Living
Cost Of Living In Paramount, CA Summary
Cost of living in Paramount 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 Paramount 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 Paramount is 126, with 100 being the average.
The cost of living index in Paramount is 1.3x higher than the national average.
Paramount ranks as the #242 cheapest in California out of 635.
Paramount ranks as the #5,091 cheapest out of 6,412 in the US.
The median home value in Paramount is $412,300.
The median income in Paramount is $60,456.
Table Of Contents
Paramount's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Paramount, CA?
According to the most recent data on the cost of living, Paramount has an overall cost of living index of 126, which is 1.3x higher than the national index of 100.
Compared to California, Paramount has a cost of living index that's 0.9x lower than California's index of 139.
The standard of living in Paramount ranks as #242 most affordable out of the 635 places we measured in California. By definition, that implies Paramount ranks as the #393 most expensive place in the Golden State.
For more reading on life in Paramount, check out:
- Living In Paramount
- Paramount Crime Report
- Search Homes For Sale In Paramount, CA
In California
In America
Paramount Cost Of Living Vs. California
Six factors go into calculating the cost of living index in Paramount. Here is how it fairs on each of the criteria:
The Services index in Paramount is 114.
The Groceries index in Paramount is 115.
The Health index in Paramount is 110.
The Housing index in Paramount is 144.
The Transportation index in Paramount is 137.
The Utilities index in Paramount is 107.
| Living Expense | Paramount | California | National Average | |
|---|---|---|---|---|
| Overall | 126 | 139 | 100 | |
| Services | 114 | 110 | 100 | |
| Groceries | 115 | 112 | 100 | |
| Health | 110 | 109 | 100 | |
| Housing | 144 | 204 | 100 | |
| Transportation | 137 | 126 | 100 | |
| Utilities | 107 | 124 | 100 | |
Paramount, 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 Paramount is $412,300.
The Median Rent in Paramount is $1,555.
The Median Income in Paramount is $60,456.
The Home Value To Income in Paramount is 6.8x.
The Rent To Monthly Income in Paramount is 0.31x.
| Statistic | Paramount | California | United States |
|---|---|---|---|
| Median Home Value | $412,300 | $573,200 | $244,900 |
| Median Rent | $1,555 | $1,698 | $1,163 |
| Median Income | $60,456 | $84,097 | $69,021 |
| Home Value To Income | 6.8x | 6.8x | 3.5x |
| Rent To Monthly Income | 0.31x | 0.24x | 0.2x |
Median Home Value
Median Rent
Median Income
Paramount, CA Costs By Category
Detailed Paramount Services Costs Vs. California
| Item | Paramount | 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 |
Detailed Paramount Groceries Costs Vs. California
| Item | Paramount | 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 |
Detailed Paramount Health Costs Vs. California
| Item | Paramount | California |
|---|---|---|
| Optometrist | $125.58 | $108.57 |
| Doctor | $125.0 | $116.17 |
| Dentist | $110.78 | $99.13 |
Detailed Paramount Transportation Costs Vs. California
| Item | Paramount | California |
|---|---|---|
| Gasoline | $3.31 | $2.22 |
| Tire Balancing | $50.62 | $50.07 |
Detailed Paramount Utilities Costs Vs. California
| Item | Paramount | California |
|---|---|---|
| All Electricity | $185.68 | $167.67 |
| Phone | $189.51 | $175.64 |
Paramount SnackAbility
/10
Cost Of Living In Cities Around Paramount
The cost of living varies in the cities and towns around Paramount. Here's a quick look at the cost of living in the most populous nearby places:
Downey, CA has a cost of living index of 144, 1.1x Paramount.
Compton, CA has a cost of living index of 120, 1.0x Paramount.
South Gate, CA has a cost of living index of 130, 1.0x Paramount.
| City | Population | Cost Of Living | Vs. Paramount |
|---|---|---|---|
| Downey, CA | 114,293 | 144 | 1.1x |
| Compton, CA | 96,083 | 120 | 1.0x |
| South Gate, CA | 93,308 | 130 | 1.0x |
| Lakewood, CA | 82,419 | 143 | 1.1x |
| Bellflower, CA | 79,070 | 133 | 1.1x |
| Lynwood, CA | 67,497 | 127 | 1.0x |
| Cypress, CA | 50,279 | 154 | 1.2x |
| La Mirada, CA | 47,957 | 147 | 1.2x |
| Bell Gardens, CA | 39,870 | 130 | 1.0x |
| Willowbrook, CA | 24,006 | 119 | 0.9x |
