The cost of living in Morro Bay, CA, significantly surpasses the nationwide average. Specifically, the cost of living index for Morro Bay stands at 134, reflecting a 34% increase over the average. Housing, in particular, shows a substantial rise with an index of 176, indicating housing costs are nearly 76% higher than the national average.
Each component of the cost of living in Morro Bay contributes to the elevated index. Groceries cost 13% more, utilities are 15% higher, healthcare expenses are 10% above the average, and miscellaneous costs are 5% higher. Transportation remains close to the national average with a 1% increase. This data highlights the importance for job seekers to consider these factors when relocating to Morro Bay.
The cost of living in Morro Bay, California, differs significantly from the nationwide average. For instance, housing costs are 76% higher than the national average. A cost of living index of 176 means housing expenses are more than double the standard rate of 100. This elevated housing index likely affects many residents, as securing a home or apartment can be more challenging financially.
Other costs in Morro Bay also show variations. Groceries cost about 13% more, with an index of 113. Utilities and healthcare expenses are also slightly above average, with indices of 115 and 110, respectively. These costs are 15% and 10% higher than the nationwide average. However, transportation and miscellaneous expenses remain close to the national average, making up 1% and 5% more than the standard, with indices of 101 and 105. This mix of higher and lower costs can influence decisions for those considering moving to or living in Morro Bay.
