F
92%
Overall NAT. AVG.
16%
Goods & Services NAT. AVG.
270%
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 Stevenson Ranch California National
Cost of living192140100
Goods & Services116111100
Groceries112112100
Health care108109100
Housing370196100
Transportation124126100
Utilities112127100

An Overview of Cost of Living in Stevenson Ranch, CA

Are you thinking about relocating, but curious about the potential cost of living in Stevenson Ranch? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Stevenson Ranch stands at 192, making it 92% 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, Stevenson Ranch 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, Stevenson Ranch falls within this bracket.

When it comes to the cost of living in Stevenson Ranch, 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 269.6% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

Everyday goods and services make up 33% of the cost of living index and include things like clothing, personal hygiene products and entertainment which are a large portion of your monthly expenditures. Unfortunately, Stevenson Ranch goods and services are 16.2% more expensive than the national average, leaving you with less money at the end of the month.

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 Stevenson Ranch, the news isn't any better as grocery prices are 12.2% higher than the national average.

Is Stevenson Ranch Affordable?

Wondering if Stevenson Ranch 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 Stevenson Ranch, for example, the median home price is 332.1% higher than what folks pay nationally, and monthly rent is 123.8% higher than the usual rates. Plus, income levels matter too, with Stevenson Ranch boasting a median household income of $136,262, which is 146.3% higher than the national average.

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

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Stevenson Ranch, healthcare costs are 7.9% higher than the national average.

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.

Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Stevenson Ranch, the housing index is 269.6% higher than the national average.

Where is the Data From?

The Stevenson Ranch cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors 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 Stevenson Ranch is 37% higher than the California average
  • The cost of living in Stevenson Ranch is 92% higher than the national average
  • Stevenson Ranch housing is 270% 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 Stevenson Ranch

See all the best places to live around Stevenson Ranch

Compare Stevenson 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$164,806$13,734$3,845$4,945
      Renters$60,862$5,072$1,420$1,826
      A good indicator of the general affordability of housing in Stevenson Ranch, 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 Stevenson Ranch, the median monthly income is $164,806 for those who own their own homes. Under the standard rule, that income level would allow for $3,845 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $60,862, per the median income in the area. That would allow for renters to spend up to $1,420 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 Stevenson Ranch National avg. Difference
      Haircut $24.67$24.261.7%
      Beauty Salon $49.33$45.568.3%
      Toothpaste $3.76$3.701.5%
      Shampoo $1.41$1.289.8%
      Movie $13.46$12.1311.0%
      Bowling $19.07$18.006.0%

      Groceries

      Item Stevenson Ranch National avg. Difference
      Ground Beef $6.26$5.847.2%
      Fried Chicken $2.08$1.5732.2%
      Milk $4.76$4.671.9%
      Potatoes $4.94$4.930.2%
      Pizza $16.13$12.0933.5%
      Beer $9.60$10.417.8%

      Health Care

      Item Stevenson Ranch National avg. Difference
      Optometrist $129.09$125.682.7%
      Doctor $119.86$135.7811.7%
      Dentist $108.07$113.294.6%
      Ibuprofen $10.36$10.652.7%
      Lipitor $505.41$468.607.9%

      Housing

      Item Stevenson Ranch National avg. Difference
      Home Price $798,000.00$184,700.00332.1%
      Avg. Mortgage Payment $2,799.02$2,346.6919.3%
      Apartment Rent $2,124.00$949.00123.8%

      Transportation

      Item Stevenson Ranch National avg. Difference
      Gasoline $4.47$3.4629.3%
      Tire Balancing $58.33$59.922.6%

      Utilities

      Item Stevenson Ranch National avg. Difference
      All Electricity $326.49$193.9968.3%
      Phone $182.78$192.254.9%
      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.
      Piru, CA2,12613333.4%
      Val Verde, CA3,26113939.1%
      San Fernando, CA24,24414847.7%
      Burbank CDP, CA4,98415454.2%
      Castaic, CA18,47916463.8%
      Stevenson Ranch, CA18,98019291.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cimarron Hills, CO18,98111211.6%
      Altamont, OR18,982991.3%
      Lexington, NC18,9708514.9%
      Troy, AL18,995919.3%
      Sainte-Catherine, QC19,000n/a 
      Stevenson Ranch, CA18,98019291.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.