Granite Bay, CA, showcases a higher cost of living compared to the nationwide average, with an overall index of 152. This means living costs in Granite Bay are 52% above the national average. The housing index stands at 229, illustrating that housing costs are more than double the national figure.
Transportation costs also exceed the national average by 20%, while groceries, utilities, healthcare, and miscellaneous expenses are 15%, 10%, 2%, and 25% higher, respectively. This comprehensive overview highlights the increased expenses one might encounter in Granite Bay.
Granite Bay, CA, showcases a cost of living that significantly exceeds the nationwide average. For instance, the housing index stands at 229, meaning housing costs in Granite Bay are nearly two and a half times the national average. This high figure highlights the premium residents pay for their homes and rental spaces, reflecting the area's desirability and limited housing supply.
Comparing other living expenses, Granite Bay also shows elevated rates in various categories. Groceries have an index of 115, suggesting costs are 15% above the national average. Utilities follow closely at 110, which is 10% higher. Transportation costs are also 20% higher at 120, while miscellaneous expenses sit at 125, indicating a 25% increase. Healthcare is one of the few categories with a lower cost, standing at 98, which means residents can save 2% on healthcare expenses compared to the national average. These statistics offer a clear picture of the financial considerations for potential residents of Granite Bay.
