F
26%
Overall NAT. AVG.
8%
Goods & Services NAT. AVG.
46%
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 King City California National
Cost of living126140100
Goods & Services108111100
Groceries115112100
Health care123109100
Housing146196100
Transportation130126100
Utilities132127100

An Overview of Cost of Living in King City, CA

Knowing the cost of living in King City allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in King City stands at 126, marking it 26% higher than the national average.

The cost of living in King City is among the highest in the country, making it a very expensive place to live. Only a small fraction of regions boast a cost of living that is at least 20% higher than the national average, and regrettably, King City falls into this category, which may not be suitable for those seeking an economically favorable living environment.

When it comes to the cost of living in King City, 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 45.9% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.

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 King City, the news isn't any better as grocery prices are 14.5% higher than the national average.

What Do Locals Say About the Cost of Living in King City?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 6 locals to understand their opinions on the cost of living in King City. The results indicated that 50% found it reasonably priced with decreasing prices of goods and services, while 50% viewed it as quite expensive, with increasing prices.

Is King City Affordable?

Is King City affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take King City, for instance, where the median home price falls 52.6% higher than the national average, and monthly rent rates are 30.1% higher than usual. Additionally, median income levels contribute to the equation, with King City flaunting a median household income of $50,174, 9.3% lower than the national norm.

What Factors can Influence the Cost of Living in King City?

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 King City, healthcare costs are 22.6% higher than the national average.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including 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 farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In King City, the groceries index is 14.5% higher than the national average.

Where is the Data From?

The King City cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in King City is 10% lower than the California average
  • The cost of living in King City is 26% higher than the national average
  • King City housing is 46% 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 King City

See all the best places to live around King City

Compare King City, 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$72,159$6,013$1,684$2,165
      Renters$42,297$3,525$987$1,269
      To approximate the cost of living and the housing affordability in King City, CA, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in King City have a median income of $72,159. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,684 per month to avoid calamity and poverty. The renters in the city have an income of about $42,297, which would make their monthly maximum allowable rental costs $987.

      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 King City National avg. Difference
      Haircut $33.94$24.2639.9%
      Beauty Salon $48.51$45.566.5%
      Toothpaste $3.72$3.700.4%
      Shampoo $1.66$1.2829.9%
      Movie $13.31$12.139.7%
      Bowling $33.30$18.0085.0%

      Groceries

      Item King City National avg. Difference
      Ground Beef $5.79$5.840.8%
      Fried Chicken $2.13$1.5735.7%
      Milk $5.05$4.678.2%
      Potatoes $4.77$4.933.4%
      Pizza $14.92$12.0923.5%
      Beer $10.99$10.415.6%

      Health Care

      Item King City National avg. Difference
      Optometrist $158.95$125.6826.5%
      Doctor $194.05$135.7842.9%
      Dentist $147.78$113.2930.4%
      Ibuprofen $11.51$10.658.1%
      Lipitor $390.15$468.6016.7%

      Housing

      Item King City National avg. Difference
      Home Price $281,900.00$184,700.0052.6%
      Avg. Mortgage Payment $8,581.10$2,346.69265.7%
      Apartment Rent $1,235.00$949.0030.1%

      Transportation

      Item King City National avg. Difference
      Gasoline $4.81$3.4638.9%
      Tire Balancing $65.62$59.929.5%

      Utilities

      Item King City National avg. Difference
      All Electricity $294.74$193.9951.9%
      Phone $190.07$192.251.1%
      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.
      Greenfield CDP, CA4,5821010.8%
      San Lucas, CA41511414.4%
      San Ardo, CA62812928.9%
      Pine Canyon, CA2,93913231.6%
      Greenfield, CA17,56513433.8%
      King City, CA13,84512625.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cherry Hill Mall, NJ13,84511515.5%
      Trent Hills, ON13,844n/a 
      Seabrook, TX13,84911211.9%
      Allouez, WI13,853955.4%
      Gravenhurst, ON13,853n/a 
      King City, CA13,84512625.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.