F
55%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
152%
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 Fallbrook California National
Cost of living155140100
Goods & Services113111100
Groceries116112100
Health care105109100
Housing252196100
Transportation127126100
Utilities107127100

An Overview of Cost of Living in Fallbrook, CA

Getting a feel for the cost of living in Fallbrook 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 Fallbrook is 155, which is 55% 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 value affordability in your search for a new place to live, Fallbrook 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, Fallbrook falls into this category, which may not align with your desire for an affordable place to call home.

Housing costs significantly influence the Fallbrook cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 151.8%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

Recurring essentials like haircuts, toothpaste, and entertainment, from movies to gym sessions, can really add up in your budget and make up 33% of the cost of living index. In Fallbrook, you you will have to spend 12.6% more than average when compared to the typical prices for these items, making it a more expensive place to live.

The cost of groceries continues to rise at an alarming rate. Over the last two years, grocery prices have increased by more than 10%! Unfortunately, in Fallbrook, the news isn't any better as grocery prices are 15.6% higher than the national average.

Is Fallbrook Affordable?

Is Fallbrook an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Fallbrook, the median home price is 200.8% higher than what most folks pay across the country, and monthly rent prices are 37.4% higher than the usual rates. Income levels in Fallbrook come in at $69,250, which is 25.2% higher than the national average.

What Factors can Influence the Cost of Living in Fallbrook?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Fallbrook, the healthcare costs are 5% higher than the national average.

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 Fallbrook, the prevailing sales tax rate starts at 7.25%, and income tax rates kick off at 1%.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Fallbrook comes in at 7.1% higher than the national average.

Where is the Data From?

The cost of living in Fallbrook, 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.

New Real Estate Listings in Fallbrook Area
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Cost Of Living Quick Facts

  • The cost of living in Fallbrook is 11% higher than the California average
  • The cost of living in Fallbrook is 55% higher than the national average
  • Fallbrook housing is 152% 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 Fallbrook

See all the best places to live around Fallbrook

Compare Fallbrook, CA Cost of Living

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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$91,667$7,639$2,139$2,750
      Renters$41,546$3,462$969$1,247
      The affordability of the housing market in Fallbrook, CA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Fallbrook homeowners, the median income is $91,667. This indicates that a monthly maximum of $2,139 should be spent by homeowners on all housing related costs. Renters have a median income of $41,546. This indicates that renters would have a maximum of $969 for their rent related monthly 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 Fallbrook National avg. Difference
      Haircut $26.92$24.2610.9%
      Beauty Salon $65.77$45.5644.3%
      Toothpaste $3.73$3.700.7%
      Shampoo $1.50$1.2817.1%
      Movie $16.89$12.1339.2%
      Bowling $24.67$18.0037.1%

      Groceries

      Item Fallbrook National avg. Difference
      Ground Beef $5.47$5.846.3%
      Fried Chicken $3.05$1.5793.7%
      Milk $4.98$4.676.5%
      Potatoes $4.94$4.930.0%
      Pizza $14.69$12.0921.5%
      Beer $11.25$10.418.1%

      Health Care

      Item Fallbrook National avg. Difference
      Optometrist $138.66$125.6810.3%
      Doctor $132.50$135.782.4%
      Dentist $121.37$113.297.1%
      Ibuprofen $12.01$10.6512.7%
      Lipitor $508.17$468.608.4%

      Housing

      Item Fallbrook National avg. Difference
      Home Price $555,500.00$184,700.00200.8%
      Avg. Mortgage Payment $5,168.91$2,346.69120.3%
      Apartment Rent $1,304.00$949.0037.4%

      Transportation

      Item Fallbrook National avg. Difference
      Gasoline $4.68$3.4635.1%
      Tire Balancing $64.40$59.927.5%

      Utilities

      Item Fallbrook National avg. Difference
      All Electricity $223.42$193.9915.2%
      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.
      Pala, CA1,09411211.7%
      Camp Pendleton North, CA7,88513736.8%
      Murrieta, CA114,06614544.6%
      Temecula, CA113,11714948.6%
      Rainbow, CA2,21115151.4%
      Fallbrook, CA32,35915555.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      La Verne, CA32,34616161.4%
      East Lake, FL32,38212019.9%
      Woodstock, GA32,31011211.8%
      Bethel Park, PA32,3101033.2%
      North Cowichan, BC32,420n/a 
      Fallbrook, CA32,35915555.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.