The cost of living in Rancho Palos Verdes, CA, significantly exceeds the nationwide average. Housing costs are 169% higher, making it the most expensive category, while groceries are 22% more costly. Utilities and transportation are around 14% above the average, and healthcare costs are 30% higher. Miscellaneous expenses are 48% over the national average, reflecting a high cost of living in this area.
Rancho Palos Verdes, CA, exhibits a notably higher cost of living compared to the nationwide average, with the index set at 100. Specifically, housing costs in Rancho Palos Verdes are approximately 69% higher than the national average. This significant increase translates to a housing index of 269, indicating the substantial financial outlay required for residing in this area. Similarly, the cost of groceries is about 22% higher, with an index of 122, further highlighting the elevated expenses faced by residents.
Beyond housing and groceries, other essential expenses also surpass the national average. Utilities cost around 14% more, with an index of 114, and healthcare services are about 30% pricier, reflected in an index of 130. Transportation costs are nearly on par with the national average, showing a slight increase of 11%. Miscellaneous expenses, which cover a range of daily necessities, are approximately 48% higher, with an index of 148. These metrics collectively paint a picture of a region where living expenses are considerably higher than the average American community.
