F
21%
Overall NAT. AVG.
12%
Goods & Services NAT. AVG.
47%
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 Mead Valley California National
Cost of living121140100
Goods & Services112111100
Groceries113112100
Health care99109100
Housing147196100
Transportation124126100
Utilities94127100

An Overview of Cost of Living in Mead Valley, CA

Are you thinking about relocating, but curious about the potential cost of living in Mead Valley? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Mead Valley stands at 121, making it 21% 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're in pursuit of an economical living environment, Mead Valley may not fit the bill, as it ranks among the most expensive places to reside in the United States. Just a minority of regions exhibit a cost of living that is more than 20% higher than the national average, and, unfortunately, Mead Valley falls within this bracket.

Housing costs make up a big chunk of the cost of living in Mead Valley, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 46.7% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

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 Mead Valley, 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 relentless increase in grocery prices is a noteworthy trend. In the last two years, grocery costs have experienced an upward trajectory of over 10%. Unfortunately, Mead Valley is no exception, where grocery prices are 13.1% above the national average.

Is Mead Valley Affordable?

Is Mead Valley 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 Mead Valley, the median home price is 53% higher than what most folks pay across the country, and monthly rent prices are 32.1% higher than the usual rates. Income levels in Mead Valley come in at $66,708, which is 20.6% higher than the national average.

What Factors can Influence the Cost of Living in Mead Valley?

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Mead Valley, healthcare costs are 1.2% lower than the national average.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum 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 farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Mead Valley, the groceries index is 13.1% higher than the national average.

Where is the Data From?

The Mead Valley 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. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Mead Valley is 13% lower than the California average
  • The cost of living in Mead Valley is 21% higher than the national average
  • Mead Valley housing is 47% 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 Mead Valley

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Compare Mead Valley, 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$74,493$6,208$1,738$2,235
      Renters$37,708$3,142$880$1,131
      A good way to judge both the affordability of the housing and the cost of living in Mead Valley is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Mead Valley has a median income of about $74,493 for people who own homes. Based on that number, a maximum of $1,738 should be spent on expenses related to housing. Renters have a slightly different median income, which is $37,708. Based on this average, renters should spend no more than $880 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Mead Valley 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 Mead Valley 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 Mead Valley 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 Mead Valley National avg. Difference
      Home Price $282,500.00$184,700.0053.0%
      Avg. Mortgage Payment $2,441.43$2,346.694.0%
      Apartment Rent $1,254.00$949.0032.1%

      Transportation

      Item Mead Valley National avg. Difference
      Gasoline $4.75$3.4637.3%
      Tire Balancing $61.38$59.922.4%

      Utilities

      Item Mead Valley 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.
      Homeland, CA7,6131065.8%
      Good Hope, CA8,43111413.7%
      Warm Springs, CA1,44511414.4%
      Meadowbrook, CA4,20811515.2%
      Green Acres, CA3,85511515.4%
      Mead Valley, CA20,81712121.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Ypsilanti, MI20,792963.7%
      South El Monte, CA20,79114545.3%
      Brambleton, VA20,84316665.9%
      Clifton, CO20,783982.4%
      Sweetwater, FL20,8521065.7%
      Mead Valley, CA20,81712121.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.