F
101%
Overall NAT. AVG.
12%
Goods & Services NAT. AVG.
311%
Housing NAT. AVG.
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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 Ladera Ranch California National
Cost of living201140100
Goods & Services112111100
Groceries113112100
Health care99109100
Housing411196100
Transportation124126100
Utilities94127100

An Overview of Cost of Living in Ladera Ranch, CA

Knowing the cost of living in Ladera Ranch allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Ladera Ranch stands at 201, marking it 101% higher than the national average.

If affordability is among your top priorities when searching for a new place to live, this area may not be the ideal fit, as the cost of living in Ladera Ranch is among the most expensive in the United States. Just a minority of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Ladera Ranch falls into this category, which may not align with your goal of finding a budget-friendly living environment.

Housing costs significantly influence the Ladera Ranch 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 311.4%. 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 Ladera Ranch, you you will have to spend 12% more than average when compared to the typical prices for these items, making it a more expensive place to live.

The substantial and relentless rise in grocery prices definitely warrants some attention. Over the past two years, grocery expenses have escalated by more than 10%. Having said that, the situation in Ladera Ranch is even less favorable, with grocery prices here being 13.1% higher than the national average.

Is Ladera Ranch Affordable?

Is Ladera Ranch 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 Ladera Ranch, the median home price is 376.6% higher than the national average and monthly rent prices are 159.2% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Ladera Ranch boasting a median household income of $157,955, 185.5% higher than the national average.

What Factors can Influence the Cost of Living in Ladera Ranch?

Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as 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 farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Ladera Ranch, the utilities index registers at 5.9% lower than the national average.

Where is the Data From?

The Ladera Ranch 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 Ladera Ranch is 44% higher than the California average
  • The cost of living in Ladera Ranch is 101% higher than the national average
  • Ladera Ranch housing is 311% 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 Ladera Ranch

See all the best places to live around Ladera Ranch

Compare Ladera Ranch, 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$189,504$15,792$4,421$5,686
      Renters$78,208$6,517$1,825$2,346
      To approximate the cost of living and the housing affordability in Ladera Ranch, 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 Ladera Ranch have a median income of $189,504. Therefore, the amount that a consumer should spend on housing costs should be no more than $4,421 per month to avoid calamity and poverty. The renters in the city have an income of about $78,208, which would make their monthly maximum allowable rental costs $1,825.

      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 Ladera Ranch 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 Ladera Ranch 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 Ladera Ranch 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 Ladera Ranch National avg. Difference
      Home Price $880,300.00$184,700.00376.6%
      Avg. Mortgage Payment $2,441.43$2,346.694.0%
      Apartment Rent $2,460.00$949.00159.2%

      Transportation

      Item Ladera Ranch National avg. Difference
      Gasoline $4.75$3.4637.3%
      Tire Balancing $61.38$59.922.4%

      Utilities

      Item Ladera Ranch 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.
      Las Flores CDP (Tehama County), CA32411110.6%
      Laguna Woods, CA16,05613029.7%
      Santa Ana, CA332,61015352.6%
      Temescal Valley, CA28,42015554.5%
      Tustin, CA80,81517474.1%
      Ladera Ranch, CA24,996201100.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Grandview, MO24,9908712.7%
      Timberwood Park, TX25,00312424.4%
      De Pere, WI25,009972.5%
      Champlin, MN24,9801098.6%
      Athens, OH24,978973.1%
      Ladera Ranch, CA24,996201100.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.