Sacramento has it all— a rich history, proximity to the coast and mountains, and a thriving economy. It’s the capital of California and hosts major industries such as healthcare and education. But if you’re considering moving to the “City of Trees,” you must consider the living expenses in Sacramento.
The cost of living in Sacramento, California, is 13% lower than the state average but 20% higher than the national average. Housing costs are 28% lower than in cities like San Francisco or Los Angeles, but other expenses, such as transportation and groceries, can add up.
Let’s take a detailed look at the cost of living in Sacramento, California, in 2024.
What Is The Cost of Living Index?
A cost of living index is a measure that compares the prices of goods and services in different locations. A higher cost of living index means commodities are more expensive, so you need more money to afford a pleasant lifestyle.
The cost of living in Sacramento is 20% higher than the national average. This implies that you should budget more for groceries, utilities, entertainment, and rent.
5 Major Living Expenses in Sacramento
If you’re planning to move to Sacramento, it’s important to understand the key living expenses you’ll encounter. Let’s break them down:
1. Housing
Sacramento housing prices average around $653,075. This is 41% higher than the national average but significantly lower than many other metropolitan areas in California. The average rent in Sacramento is $1,850 per month.
If you have a tight budget, you can also find new homes in Sacramento under 250k.
2. Utilities
Utility costs in Sacramento are about 13% higher than the national average. Basic utilities, such as heating, water, and electricity, can run up to $238.53 monthly, depending on your home’s usage and size. Internet and mobile services cost an additional $190.81 on average.
3. Transportation
Transportation expenses in Sacramento are 21% higher than the national average. Here’s a breakdown of costs:
- Local transport ticket: $2.50
- Monthly ticket for local transport: $100.0
- Taxi ride (8 km or 5 miles): $4
- Gas: As of July 2024, it’s $4.51 per gallon.
4. Food and Groceries
The cost of groceries in Sacramento is about 8% higher than the national average. Here are some prices:
Groceries
- Milk: $4.93 for a gallon
- Bread: $4.08
- Steak: $13.73
- Eggs: $5.01 per dozen
For Dining Out
- A lunch menu will cost you around $20.
- A dinner for two in a restaurant is approximately $77.50.
- A fast food meal (equivalent to McDonald’s) costs about $11.0.
5. Other Expenses
Healthcare in Sacramento is about 13% higher than the national average. A routine doctor’s visit can cost up to $201.43. For entertainment, a cinema ticket for one person costs around $3.99.
4 Tips To Save Money On Living Expenses in Sacramento
Living in Sacramento can be costly, but there are ways to manage your expenses wisely:
1. Use Public Transportation
Opt for the Sacramento Regional Transit District (SacRT) to save on gas and parking fees. It offers buses, light rail, and on-demand services. It covers most areas, including downtown, suburban neighborhoods, and key commercial areas.
2. Find Housing in Less Expensive Neighborhoods
You can use real estate platforms like Houzeo and Redfin to find affordable housing. Consider neighborhoods farther from the city center, such as North Highlands or Rancho Cordova. The median home cost in North Highlands is $425K. This is significantly lower than in areas like East Sacramento or Midtown.
3. Cook Your Meals
Preparing meals at home instead of dining out frequently can help lower your food expenses. Discount supermarkets like Grocery Outlet offer significant savings on groceries, helping you reduce your monthly food budget.
4. Take Advantage of Free Activities and Experiences
Sacramento offers many free activities. You can explore the beautiful American River Parkway, which provides miles of scenic trails for hiking and biking. You can also visit the historic Old Sacramento Waterfront or enjoy the city’s numerous public parks and gardens.
Is Living in Sacramento Expensive?
Yes. The cost of living in Sacramento is 42% higher than the national average. Housing is a major expense. While the median home price is over $653k, monthly rent sets you back almost $1,800.
Despite the higher cost of living, there are ways to manage expenses. Utilize public transportation, shop smart for groceries, and take advantage of free local activities. With careful planning and budgeting, you can live comfortably in Sacramento.
Also Read: Jupiter 3- First Launch Attempt Of The World’s Largest Communications Satellite
