F
78%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
226%
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 Discovery Bay California National
Cost of living178140100
Goods & Services108111100
Groceries107112100
Health care102109100
Housing326196100
Transportation122126100
Utilities142127100

An Overview of Cost of Living in Discovery Bay, CA

Are you thinking about relocating, but curious about the potential cost of living in Discovery Bay? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Discovery Bay stands at 178, making it 78% 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.

If you prioritize affordability when seeking a new place to live, Discovery Bay 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, Discovery Bay falls into this category, which may not align with your preferences for a budget-friendly living environment.

When it comes to the cost of living in Discovery Bay, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 225.6% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is Discovery Bay Affordable?

Is Discovery Bay affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Discovery Bay, for instance, where the median home price falls 246.9% higher than the national average, and monthly rent rates are 175.9% higher than usual. Additionally, median income levels contribute to the equation, with Discovery Bay flaunting a median household income of $129,004, 133.2% higher than the national norm.

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

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, 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. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Discovery Bay starts at 7.25% and the income tax rates start at 1%.

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Discovery Bay, the groceries index is 6.8% higher than the national average.

Where is the Data From?

The Discovery Bay 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. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.

New Real Estate Listings in Discovery Bay Area
Search Homes for Sale in Discovery Bay, CA

Cost Of Living Quick Facts

  • The cost of living in Discovery Bay is 27% higher than the California average
  • The cost of living in Discovery Bay is 78% higher than the national average
  • Discovery Bay housing is 226% 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 Discovery Bay

See all the best places to live around Discovery Bay

Compare Discovery Bay, CA Cost of Living

      vs
      How would you rate the cost of living in Discovery Bay?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Discovery Bay?
      Write a review to give others more information about this area.
      See all Discovery Bay poll results

      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$135,345$11,279$3,158$4,061
      Renters$92,596$7,716$2,160$2,778
      To approximate the cost of living and the housing affordability in Discovery Bay, 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 Discovery Bay have a median income of $135,345. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,158 per month to avoid calamity and poverty. The renters in the city have an income of about $92,596, which would make their monthly maximum allowable rental costs $2,160.

      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 Discovery Bay National avg. Difference
      Haircut $23.42$24.263.5%
      Beauty Salon $49.62$45.568.9%
      Toothpaste $3.64$3.701.6%
      Shampoo $1.50$1.2817.0%
      Movie $13.61$12.1312.2%
      Bowling $22.34$18.0024.1%

      Groceries

      Item Discovery Bay National avg. Difference
      Ground Beef $6.24$5.846.9%
      Fried Chicken $2.10$1.5733.8%
      Milk $4.83$4.673.5%
      Potatoes $4.43$4.9310.3%
      Pizza $16.78$12.0938.8%
      Beer $10.08$10.413.2%

      Health Care

      Item Discovery Bay National avg. Difference
      Optometrist $138.22$125.6810.0%
      Doctor $134.39$135.781.0%
      Dentist $117.52$113.293.7%
      Ibuprofen $10.68$10.650.3%
      Lipitor $494.99$468.605.6%

      Housing

      Item Discovery Bay National avg. Difference
      Home Price $640,700.00$184,700.00246.9%
      Avg. Mortgage Payment $3,173.44$2,346.6935.2%
      Apartment Rent $2,618.00$949.00175.9%

      Transportation

      Item Discovery Bay National avg. Difference
      Gasoline $4.21$3.4621.5%
      Tire Balancing $73.10$59.9222.0%

      Utilities

      Item Discovery Bay National avg. Difference
      All Electricity $327.22$193.9968.7%
      Phone $189.16$192.251.6%
      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.
      Terminous, CA40011515.3%
      Country Club, CA9,24212020.2%
      Lincoln Village, CA3,99112625.8%
      Bethel Island, CA2,01512828.2%
      Antioch, CA111,46814746.8%
      Discovery Bay, CA15,90417877.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Aberdeen, MD15,9041054.7%
      Grandville, MI15,906946.3%
      Sayville, NY15,91015050.0%
      Cloverly, MD15,91514949.3%
      Bellmore, NY15,88716160.8%
      Discovery Bay, CA15,90417877.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.