F
37%
Overall NAT. AVG.
14%
Goods & Services NAT. AVG.
76%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Bay Point California National
Cost of living137140100
Goods & Services114111100
Groceries117112100
Health care121109100
Housing176196100
Transportation129126100
Utilities134127100

An Overview of Cost of Living in Bay Point, CA

Are you thinking about relocating, but curious about the potential cost of living in Bay Point? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Bay Point stands at 137, making it 37% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Bay Point is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, Bay Point falls into this category, which may not be suitable for those seeking an economically favorable living environment.

Housing costs significantly influence the Bay Point cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 76%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Goods and services make up 33% of the total cost of living index score and are a large part of your everyday expenses. These items could include things like haircuts, salons, toothpaste, shampoo, clothes, movies, bowling, gym memberships or yoga. In Bay Point, you can expect to pay 14.1% more than average for these items, making it a more expensive place to live.

The surge in grocery costs is indeed alarming, especially when groceries make up a large portion of your monthly expenditures. Over the past two years, there has been an inflation of over 10% in grocery prices. Unfortunately, Bay Point does not fare better, with grocery expenses coming in at 17.2% higher than the national average.

Is Bay Point Affordable?

Wondering if Bay Point is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Bay Point, for example, the median home price is 80.2% higher than what folks pay nationally, and monthly rent is 66% higher than the usual rates. Plus, income levels matter too, with Bay Point boasting a median household income of $69,464, which is 25.6% higher than the national average.

What Factors can Influence the Cost of Living in Bay Point?

Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Bay Point, the housing index is 76% higher than the national average.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Bay Point, the transportation index is 29.2% higher than the national average.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Bay Point, the general sales tax rate starts at 7.25%, and income tax rates begin at 1%.

Where is the Data From?

The Bay Point cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Bay Point is 2% lower than the California average
  • The cost of living in Bay Point is 37% higher than the national average
  • Bay Point housing is 76% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 61% lower than the national average

Most Affordable Places to Live in and Around Bay Point

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Compare Bay Point, CA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$76,830$6,403$1,793$2,305
      Renters$64,675$5,390$1,509$1,940
      To approximate the cost of living and the housing affordability in Bay Point, CA, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Bay Point have a median income of $76,830. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,793 per month to avoid calamity and poverty. The renters in the city have an income of about $64,675, which would make their monthly maximum allowable rental costs $1,509.

      California Sales Tax

      State General Sales Tax With Max Surtax
      California 7.25% 10.5%

      California Income Tax

      State Income Tax (Low) Income Tax (High)
      California 1% 13.3%

      Goods & Services

      Item Bay Point National avg. Difference
      Haircut $25.00$24.263.0%
      Beauty Salon $76.00$45.5666.8%
      Toothpaste $3.64$3.701.7%
      Shampoo $1.45$1.2813.5%
      Movie $16.46$12.1335.7%
      Bowling $27.22$18.0051.2%

      Groceries

      Item Bay Point National avg. Difference
      Ground Beef $5.70$5.842.3%
      Fried Chicken $3.43$1.57118.2%
      Milk $4.91$4.675.1%
      Potatoes $4.87$4.931.3%
      Pizza $13.49$12.0911.6%
      Beer $11.18$10.417.4%

      Health Care

      Item Bay Point National avg. Difference
      Optometrist $137.40$125.689.3%
      Doctor $110.00$135.7819.0%
      Dentist $118.27$113.294.4%
      Ibuprofen $11.76$10.6510.4%
      Lipitor $508.17$468.608.4%

      Housing

      Item Bay Point National avg. Difference
      Home Price $332,900.00$184,700.0080.2%
      Avg. Mortgage Payment $6,553.90$2,346.69179.3%
      Apartment Rent $1,575.00$949.0066.0%

      Transportation

      Item Bay Point National avg. Difference
      Gasoline $4.60$3.4633.0%
      Tire Balancing $60.97$59.921.7%

      Utilities

      Item Bay Point National avg. Difference
      All Electricity $182.51$193.995.9%
      Phone $180.31$192.256.2%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Port Costa, CA24212020.0%
      Pacheco, CA4,77511615.7%
      San Miguel CDP (San Luis Obispo County), CA2,69612928.9%
      Rio Vista, CA9,40713535.5%
      Suisun City, CA29,45914443.8%
      Bay Point, CA25,37813736.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Keystone, FL25,37713130.9%
      Thetford Mines, QC25,383n/a 
      Kingsville, TX25,3678713.4%
      Tarpon Springs, FL25,3891022.3%
      Woodstock, IL25,391954.6%
      Bay Point, CA25,37813736.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.