F
188%
Overall NAT. AVG.
20%
Goods & Services NAT. AVG.
569%
Housing NAT. AVG.
Search Homes for Sale
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 Millbrae California National
Cost of living288140100
Goods & Services120111100
Groceries123112100
Health care125109100
Housing669196100
Transportation132126100
Utilities136127100

An Overview of Cost of Living in Millbrae, CA

Understanding the cost of living in Millbrae can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Millbrae cost of living index is 288, which is 188% higher than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

If you prioritize affordability when seeking a new place to live, Millbrae may not be your ideal choice, as it ranks among the most expensive locations in the entire United States. A very small amount of areas exhibit a cost of living at least 20% higher than the national average, and unfortunately, Millbrae falls into this category, which may not align with your preferences for a budget-friendly living environment.

Housing costs are a very significant part of the Millbrae cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 569% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Recurring essentials like haircuts, toothpaste, and entertainment, from movies to gym sessions, can really add up in your budget and make up 33% of the cost of living index. In Millbrae, you you will have to spend 19.9% more than average when compared to the typical prices for these items, making it a more expensive place to live.

The substantial and relentless rise in grocery prices definitely warrants some attention. Over the past two years, grocery expenses have escalated by more than 10%. Having said that, the situation in Millbrae is even less favorable, with grocery prices here being 22.5% higher than the national average.

Is Millbrae Affordable?

Is Millbrae an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Millbrae, the median home price is 727.8% higher than what most folks pay across the country, and monthly rent prices are 198.6% higher than the usual rates. Income levels in Millbrae come in at $126,319, which is 128.3% higher than the national average.

What Factors can Influence the Cost of Living in Millbrae?

Healthcare: Healthcare expenditures and insurance premium rates can vary significantly, contingent upon the particular city or state. Factors such as the accessibility of healthcare facilities, out-of-pocket expenses for doctor's appointments, dental care charges, prescription medication costs, and expenses related to specialized medical care can all have an impact on the overall cost of living. In Millbrae, healthcare costs are 24.8% higher than the national average.

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Millbrae, the groceries index is 22.5% higher than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Where is the Data From?

The cost of living data in Millbrae displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

New Real Estate Listings in Millbrae Area
Search Homes for Sale in Millbrae, CA

Cost Of Living Quick Facts

  • The cost of living in Millbrae is 106% higher than the California average
  • The cost of living in Millbrae is 188% higher than the national average
  • Millbrae housing is 569% 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 Millbrae

See all the best places to live around Millbrae

Compare Millbrae, CA Cost of Living

      vs
      How would you rate the cost of living in Millbrae?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Millbrae?
      Write a review to give others more information about this area.
      See all Millbrae poll results

      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$137,648$11,471$3,212$4,130
      Renters$106,121$8,843$2,476$3,184
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Millbrae, CA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Millbrae, homeowners have a median income of $137,648. Using that number, a maximum of $3,212 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $106,121, which means there is a maximum of $2,476 to be spent on the costs of renting a home or apartment.

      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 Millbrae National avg. Difference
      Haircut $28.38$24.2617.0%
      Beauty Salon $85.43$45.5687.5%
      Toothpaste $4.09$3.7010.4%
      Shampoo $1.65$1.2829.1%
      Movie $16.02$12.1332.0%
      Bowling $24.01$18.0033.4%

      Groceries

      Item Millbrae National avg. Difference
      Ground Beef $6.23$5.846.7%
      Fried Chicken $2.11$1.5734.1%
      Milk $5.18$4.6710.9%
      Potatoes $4.98$4.930.9%
      Pizza $15.74$12.0930.2%
      Beer $11.21$10.417.6%

      Health Care

      Item Millbrae National avg. Difference
      Optometrist $159.79$125.6827.1%
      Doctor $174.45$135.7828.5%
      Dentist $155.36$113.2937.1%
      Ibuprofen $11.30$10.656.1%
      Lipitor $498.84$468.606.5%

      Housing

      Item Millbrae National avg. Difference
      Home Price $1,528,900.00$184,700.00727.8%
      Avg. Mortgage Payment $7,224.18$2,346.69207.8%
      Apartment Rent $2,834.00$949.00198.6%

      Transportation

      Item Millbrae National avg. Difference
      Gasoline $4.63$3.4633.9%
      Tire Balancing $75.33$59.9225.7%

      Utilities

      Item Millbrae National avg. Difference
      All Electricity $298.77$193.9954.0%
      Phone $203.63$192.255.9%
      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.
      San Lorenzo, CA30,11717171.4%
      San Leandro, CA90,48917271.8%
      Oakland, CA422,57518281.6%
      Colma, CA1,492203103.2%
      Daly City, CA107,197205105.3%
      Millbrae, CA22,998288187.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Farmington, MN22,99611010.5%
      Laguna Beach, CA22,991313213.3%
      Landover, MD22,99111818.3%
      Kenmore, WA22,96916766.8%
      Kingston, NY22,9541033.4%
      Millbrae, CA22,998288187.9%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.