F
81%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
231%
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 Capitola California National
Cost of living181140100
Goods & Services108111100
Groceries115112100
Health care123109100
Housing331196100
Transportation130126100
Utilities132127100

An Overview of Cost of Living in Capitola, CA

Understanding the cost of living in Capitola can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Capitola cost of living index is 181, which is 81% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

If you value affordability in your search for a new place to live, Capitola may not be the most suitable option, as it stands out as one of the priciest areas in the entire United States. Only a small fraction of regions have a cost of living that is more than 20% higher than the national average, and regrettably, Capitola falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs are a major factor in the Capitola cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 230.9% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

Groceries are getting more expensive by the day and the cost of groceries makes up 13% of the overall cost of living index. In the past two years, prices have shot up by over 10%! Unfortunately, in Capitola, it's the same story – grocery costs are 14.5% higher than what people pay across the country.

Is Capitola Affordable?

Is Capitola affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Capitola, the median home price is 285.5% higher than the national average and monthly rent prices are 103.6% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Capitola boasting a median household income of $81,617, 47.5% higher than the national average.

What Factors can Influence the Cost of Living in Capitola?

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Capitola, the utilities index registers 31.8% higher than the national average.

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Where is the Data From?

The Capitola 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 Capitola is 30% higher than the California average
  • The cost of living in Capitola is 81% higher than the national average
  • Capitola housing is 231% 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 Capitola

See all the best places to live around Capitola

Compare Capitola, CA Cost of Living

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      Salary Calculator

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      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$81,417$6,785$1,900$2,443
      Renters$81,642$6,804$1,905$2,450
      To approximate the cost of living and the housing affordability in Capitola, 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 Capitola have a median income of $81,417. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,900 per month to avoid calamity and poverty. The renters in the city have an income of about $81,642, which would make their monthly maximum allowable rental costs $1,905.

      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 Capitola National avg. Difference
      Haircut $33.94$24.2639.9%
      Beauty Salon $48.51$45.566.5%
      Toothpaste $3.72$3.700.4%
      Shampoo $1.66$1.2829.9%
      Movie $13.31$12.139.7%
      Bowling $33.30$18.0085.0%

      Groceries

      Item Capitola National avg. Difference
      Ground Beef $5.79$5.840.8%
      Fried Chicken $2.13$1.5735.7%
      Milk $5.05$4.678.2%
      Potatoes $4.77$4.933.4%
      Pizza $14.92$12.0923.5%
      Beer $10.99$10.415.6%

      Health Care

      Item Capitola National avg. Difference
      Optometrist $158.95$125.6826.5%
      Doctor $194.05$135.7842.9%
      Dentist $147.78$113.2930.4%
      Ibuprofen $11.51$10.658.1%
      Lipitor $390.15$468.6016.7%

      Housing

      Item Capitola National avg. Difference
      Home Price $712,000.00$184,700.00285.5%
      Avg. Mortgage Payment $8,581.10$2,346.69265.7%
      Apartment Rent $1,932.00$949.00103.6%

      Transportation

      Item Capitola National avg. Difference
      Gasoline $4.81$3.4638.9%
      Tire Balancing $65.62$59.929.5%

      Utilities

      Item Capitola National avg. Difference
      All Electricity $294.74$193.9951.9%
      Phone $190.07$192.251.1%
      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.
      Moss Landing, CA3111716.8%
      Live Oak city, CA8,5011066.5%
      Live Oak, CA8,79411717.0%
      Paradise Park, CA46813535.1%
      Pajaro, CA3,50914242.2%
      Capitola, CA10,09018181.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Sleepy Hollow, NY10,08917271.6%
      Chalco, NE10,092945.6%
      Makaha, HI10,08714646.3%
      Lancaster, NY10,0878811.9%
      Harrisonville, MO10,0849010.2%
      Capitola, CA10,09018181.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.