F
76%
Overall NAT. AVG.
12%
Goods & Services NAT. AVG.
228%
Housing NAT. AVG.
Search Homes for Sale
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 Diamond Bar California National
Cost of living176140100
Goods & Services112111100
Groceries113112100
Health care99109100
Housing328196100
Transportation124126100
Utilities94127100

An Overview of Cost of Living in Diamond Bar, CA

Getting a feel for the cost of living in Diamond Bar is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Diamond Bar is 176, which is 76% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

If you prioritize affordability when seeking a new place to live, Diamond Bar may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Diamond Bar falls into this category, which may not align with your preferences for a budget-friendly living environment.

Housing costs are a major factor in the Diamond Bar 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 228.1% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.

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 Diamond Bar, you can expect to pay 12% more than average for these items, making it a more expensive place to live.

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 Diamond Bar, it's the same story – grocery costs are 13.1% higher than what people pay across the country.

Is Diamond Bar Affordable?

Is Diamond Bar 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 Diamond Bar, the median home price is 273.8% higher than the national average and monthly rent prices are 121.4% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Diamond Bar boasting a median household income of $100,723, 82.1% higher than the national average.

What Factors can Influence the Cost of Living in Diamond Bar?

Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Diamond Bar, the prevailing sales tax rate starts at 7.25%, and income tax rates kick off at 1%.

Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Diamond Bar, the transportation index stands at 23.9% higher than the national average.

Utilities: Much like any other costs, utility expenses can exhibit considerable variations, influenced by factors such as climate, available energy sources, geographic location and state regulations. The costs associated with electricity, water, heating, and waste disposal can vary significantly depending on the city or state in question. In Diamond Bar, the utilities index stands at 5.9% lower than the national average.

Where is the Data From?

The cost of living in Diamond Bar, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Diamond Bar is 26% higher than the California average
  • The cost of living in Diamond Bar is 76% higher than the national average
  • Diamond Bar housing is 228% 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 Diamond Bar

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Compare Diamond Bar, 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$110,629$9,219$2,581$3,319
      Renters$66,543$5,545$1,553$1,996
      To approximate the cost of living and the housing affordability in Diamond Bar, 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 Diamond Bar have a median income of $110,629. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,581 per month to avoid calamity and poverty. The renters in the city have an income of about $66,543, which would make their monthly maximum allowable rental costs $1,553.

      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 Diamond Bar National avg. Difference
      Haircut $27.27$24.2612.4%
      Beauty Salon $41.78$45.568.3%
      Toothpaste $3.61$3.702.6%
      Shampoo $1.34$1.284.9%
      Movie $11.04$12.139.0%
      Bowling $21.11$18.0017.3%

      Groceries

      Item Diamond Bar National avg. Difference
      Ground Beef $5.89$5.840.8%
      Fried Chicken $3.49$1.57121.9%
      Milk $4.92$4.675.4%
      Potatoes $4.92$4.930.3%
      Pizza $15.31$12.0926.6%
      Beer $10.26$10.411.4%

      Health Care

      Item Diamond Bar National avg. Difference
      Optometrist $112.92$125.6810.2%
      Doctor $95.50$135.7829.7%
      Dentist $117.28$113.293.5%
      Ibuprofen $10.58$10.650.7%
      Lipitor $521.17$468.6011.2%

      Housing

      Item Diamond Bar National avg. Difference
      Home Price $690,500.00$184,700.00273.8%
      Avg. Mortgage Payment $2,441.43$2,346.694.0%
      Apartment Rent $2,101.00$949.00121.4%

      Transportation

      Item Diamond Bar National avg. Difference
      Gasoline $4.75$3.4637.3%
      Tire Balancing $61.38$59.922.4%

      Utilities

      Item Diamond Bar National avg. Difference
      All Electricity $378.97$193.9995.4%
      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.
      Industry, CA26413333.1%
      Montclair, CA40,04113635.5%
      South San Jose Hills, CA19,10413737.5%
      Ontario, CA178,19413938.6%
      Pomona, CA151,12413938.6%
      Diamond Bar, CA55,87017675.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Commerce City, CO55,89112423.6%
      Tamiami, FL55,75712525.2%
      New Brunswick, NJ55,99212020.3%
      Kendale Lakes, FL55,73212020.2%
      Pocatello, ID56,016919.5%
      Diamond Bar, CA55,87017675.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.