F
48%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
127%
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 El Paso de Robles (Paso Robles) California National
Cost of living148140100
Goods & Services105111100
Groceries107112100
Health care93109100
Housing227196100
Transportation127126100
Utilities157127100

An Overview of Cost of Living in El Paso de Robles (Paso Robles), CA

The cost of living in El Paso de Robles (Paso Robles) affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in El Paso de Robles (Paso Robles) is 148, which is 48% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

If you prioritize affordability when seeking a new place to live, El Paso de Robles (Paso Robles) 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, El Paso de Robles (Paso Robles) 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 El Paso de Robles (Paso Robles), 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 126.5% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Is El Paso de Robles (Paso Robles) Affordable?

Wondering if El Paso de Robles (Paso Robles) 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 El Paso de Robles (Paso Robles), for example, the median home price is 160.8% higher than what folks pay nationally, and monthly rent is 46.6% higher than the usual rates. Plus, income levels matter too, with El Paso de Robles (Paso Robles) boasting a median household income of $69,297, which is 25.3% higher than the national average.

What Factors can Influence the Cost of Living in El Paso de Robles (Paso Robles)?

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from 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 crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In El Paso de Robles (Paso Robles), healthcare costs are 6.6% lower than the national average.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In El Paso de Robles (Paso Robles), the housing index stands at 126.5% higher than the national average.

Where is the Data From?

The El Paso de Robles (Paso Robles) 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.

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Cost Of Living Quick Facts

  • The cost of living in El Paso de Robles (Paso Robles) is 6% higher than the California average
  • The cost of living in El Paso de Robles (Paso Robles) is 48% higher than the national average
  • El Paso de Robles (Paso Robles) housing is 127% 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 El Paso de Robles (Paso Robles)

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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$88,008$7,334$2,053$2,641
      Renters$54,458$4,538$1,271$1,634
      A good indicator of the general affordability of housing in El Paso de Robles (Paso Robles), CA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In El Paso de Robles (Paso Robles), the median monthly income is $88,008 for those who own their own homes. Under the standard rule, that income level would allow for $2,053 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $54,458, per the median income in the area. That would allow for renters to spend up to $1,271 on monthly rental expenses.

      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 El Paso de Robles (Paso Robles) National avg. Difference
      Haircut $26.25$24.268.2%
      Beauty Salon $89.33$45.5696.1%
      Toothpaste $3.75$3.701.3%
      Shampoo $1.48$1.2815.6%
      Movie $18.12$12.1349.4%
      Bowling $22.67$18.0025.9%

      Groceries

      Item El Paso de Robles (Paso Robles) National avg. Difference
      Ground Beef $5.77$5.841.1%
      Fried Chicken $2.63$1.5767.0%
      Milk $4.91$4.675.0%
      Potatoes $4.90$4.930.6%
      Pizza $13.49$12.0911.6%
      Beer $11.13$10.416.9%

      Health Care

      Item El Paso de Robles (Paso Robles) National avg. Difference
      Optometrist $142.20$125.6813.1%
      Doctor $131.33$135.783.3%
      Dentist $131.50$113.2916.1%
      Ibuprofen $11.78$10.6510.6%
      Lipitor $508.17$468.608.4%

      Housing

      Item El Paso de Robles (Paso Robles) National avg. Difference
      Home Price $481,700.00$184,700.00160.8%
      Avg. Mortgage Payment $5,847.37$2,346.69149.2%
      Apartment Rent $1,391.00$949.0046.6%

      Transportation

      Item El Paso de Robles (Paso Robles) National avg. Difference
      Gasoline $4.62$3.4633.6%
      Tire Balancing $61.00$59.921.8%

      Utilities

      Item El Paso de Robles (Paso Robles) National avg. Difference
      All Electricity $231.40$193.9919.3%
      Phone $193.81$192.250.8%
      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.
      Whitley Gardens, CA4411515.0%
      Creston, CA3111515.0%
      Lake Nacimiento, CA3,02114040.5%
      Atascadero, CA30,44415454.4%
      Templeton, CA7,96516565.2%
      El Paso de Robles (Paso Robles), CA31,48014848.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Saint-Constant, QC31,461n/a 
      Aiken, SC31,428954.8%
      Fairbanks, AK31,42713232.3%
      Midlothian, TX31,53311413.9%
      Franklin Square, NY31,53715958.8%
      El Paso de Robles (Paso Robles), CA31,48014848.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.