Cost Of Living in Carmel Valley Village, CA

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	Carmel Valley Village	California	National
Cost of living	216	140	100
Goods & Services	108	111	100
Groceries	115	112	100
Health care	123	109	100
Housing	447	196	100
Transportation	130	126	100
Utilities	132	127	100

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Cost Of Living Quick Facts

The cost of living in Carmel Valley Village is 55% higher than the California average
The cost of living in Carmel Valley Village is 116% higher than the national average
Carmel Valley Village housing is 347% 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

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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	$157,584	$13,132	$3,677	$4,728
Renters	$89,519	$7,460	$2,089	$2,686

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Carmel Valley Village, CA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Carmel Valley Village homeowners, is $157,584. This would allow for a maximum of $3,677 per month to be spent on housing costs. For renters, the median monthly income is $89,519 which would result in a maximum of $2,089 to be spent on rental costs.

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	Carmel Valley Village	National avg.	Difference
Haircut	$33.94	$24.26	39.9%
Beauty Salon	$48.51	$45.56	6.5%
Toothpaste	$3.72	$3.70	0.4%
Shampoo	$1.66	$1.28	29.9%
Movie	$13.31	$12.13	9.7%
Bowling	$33.30	$18.00	85.0%

Groceries

Item	Carmel Valley Village	National avg.	Difference
Ground Beef	$5.79	$5.84	0.8%
Fried Chicken	$2.13	$1.57	35.7%
Milk	$5.05	$4.67	8.2%
Potatoes	$4.77	$4.93	3.4%
Pizza	$14.92	$12.09	23.5%
Beer	$10.99	$10.41	5.6%

Health Care

Item	Carmel Valley Village	National avg.	Difference
Optometrist	$158.95	$125.68	26.5%
Doctor	$194.05	$135.78	42.9%
Dentist	$147.78	$113.29	30.4%
Ibuprofen	$11.51	$10.65	8.1%
Lipitor	$390.15	$468.60	16.7%

Housing

Item	Carmel Valley Village	National avg.	Difference
Home Price	$926,900.00	$184,700.00	401.8%
Avg. Mortgage Payment	$8,581.10	$2,346.69	265.7%
Apartment Rent	$3,033.00	$949.00	219.6%

Transportation

Item	Carmel Valley Village	National avg.	Difference
Gasoline	$4.81	$3.46	38.9%
Tire Balancing	$65.62	$59.92	9.5%

Utilities

Item	Carmel Valley Village	National avg.	Difference
All Electricity	$294.74	$193.99	51.9%
Phone	$190.07	$192.25	1.1%

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.
Boronda, CA	1,740	132	31.5%
Sand City, CA	320	137	37.1%
Chualar, CA	1,413	139	39.2%
Salinas, CA	156,177	147	47.2%
Seaside, CA	34,063	161	60.9%
Carmel Valley Village, CA	4,175	216	115.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Bradley Beach, NJ	4,175	172	72.3%
Galeville, NY	4,175	91	8.9%
Camp Lake, WI	4,175	97	2.5%
Magee, MS	4,174	80	19.8%
Minersville, PA	4,174	84	15.7%
Carmel Valley Village, CA	4,175	216	115.9%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Carmel Valley Village, CA