F
29%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
69%
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 Rosemont California National
Cost of living129140100
Goods & Services109111100
Groceries108112100
Health care113109100
Housing169196100
Transportation121126100
Utilities114127100

An Overview of Cost of Living in Rosemont, CA

The cost of living in Rosemont 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 Rosemont is 129, which is 29% 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, Rosemont 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, Rosemont falls into this category, which may not align with your preferences for a budget-friendly living environment.

Housing costs are a very significant part of the Rosemont cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 68.6% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Rosemont Affordable?

Is Rosemont 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 Rosemont, the median home price is 77% higher than what most folks pay across the country, and monthly rent prices are 49.1% higher than the usual rates. Income levels in Rosemont come in at $73,166, which is 32.3% higher than the national average.

What Factors can Influence the Cost of Living in Rosemont?

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

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

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 Rosemont, healthcare costs are 13.1% higher than the national average.

Where is the Data From?

The cost of living in Rosemont, 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.

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Cost Of Living Quick Facts

  • The cost of living in Rosemont is 8% lower than the California average
  • The cost of living in Rosemont is 29% higher than the national average
  • Rosemont housing is 69% 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 Rosemont

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Compare Rosemont, 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$83,835$6,986$1,956$2,515
      Renters$58,803$4,900$1,372$1,764
      The affordability of the housing market in Rosemont, 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 Rosemont homeowners, the median income is $83,835. This indicates that a monthly maximum of $1,956 should be spent by homeowners on all housing related costs. Renters have a median income of $58,803. This indicates that renters would have a maximum of $1,372 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 Rosemont National avg. Difference
      Haircut $40.00$24.2664.9%
      Beauty Salon $60.53$45.5632.8%
      Toothpaste $3.67$3.701.0%
      Shampoo $1.44$1.2812.5%
      Movie $13.76$12.1313.4%
      Bowling $22.22$18.0023.5%

      Groceries

      Item Rosemont National avg. Difference
      Ground Beef $5.56$5.844.7%
      Fried Chicken $2.06$1.5731.0%
      Milk $4.93$4.675.5%
      Potatoes $4.69$4.935.0%
      Pizza $13.98$12.0915.7%
      Beer $10.49$10.410.8%

      Health Care

      Item Rosemont National avg. Difference
      Optometrist $153.50$125.6822.1%
      Doctor $201.43$135.7848.3%
      Dentist $115.72$113.292.1%
      Ibuprofen $11.03$10.653.5%
      Lipitor $380.45$468.6018.8%

      Housing

      Item Rosemont National avg. Difference
      Home Price $326,900.00$184,700.0077.0%
      Avg. Mortgage Payment $3,182.68$2,346.6935.6%
      Apartment Rent $1,415.00$949.0049.1%

      Transportation

      Item Rosemont National avg. Difference
      Gasoline $4.51$3.4630.2%
      Tire Balancing $58.67$59.922.1%

      Utilities

      Item Rosemont National avg. Difference
      All Electricity $238.53$193.9923.0%
      Phone $190.81$192.250.7%
      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.
      Freeport, CA7011211.6%
      Hood, CA28911211.6%
      Clarksburg, CA36611211.6%
      Fruitridge Pocket, CA5,77111010.0%
      McClellan Park, CA84311514.7%
      Rosemont, CA23,75512928.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Fresno, TX23,7451076.8%
      Centerville, OH23,7661011.1%
      Oro-Medonte, ON23,738n/a 
      Corsicana, TX23,736918.6%
      West Springfield, VA23,77515150.9%
      Rosemont, CA23,75512928.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.