Cost of Living in Foster City, CA

Population 32,964 · California · Data vintage 2023

456
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $1.8 million, the typical home in Foster City costs about 6× the national median, a premium characteristic of resort and luxury markets rather than primary-residence metros.

Geographically, Foster City is part of the immediate San Mateo metro area. Median home values run roughly 14% higher than San Mateo's $1.6 million.

Cost Overview

Housing 582
Rent 266

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Foster City

The median home value in Foster City is $1,774,500 — 482% above the national median of $305,000. Median rent runs $3,501/month, 166% higher than the national median of $1,314/month. The median household income of $193,633/year is 160% higher than the US median of $74,580. The local unemployment rate is 4.8%, above the national average of 4.8%. California's top state income tax rate is 13.3% and the combined sales tax is 8.7%. Overall, Foster City has a cost of living index of 456 versus the US average of 100, meaning it is 356% more expensive.

🏠 Housing

Median Home Value
$1,774,500
482% above avg
Zillow Home Value
$1,861,129
Zillow ZHVI
Median Rent
$3,501/mo
166% above avg
Zillow Rent
$3,845/mo
Zillow ZORI
Price-to-Rent Ratio
42.2x
Favors renting
Property Tax Rate
0.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,195
1 BR
$1,241
2 BR
$1,544
3 BR
$2,163
4 BR
$2,556
Owner-occupied 51.1%
Renter-occupied 48.9%

💰 Estimated Monthly Budget

Rent median rent
$3,501
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $4,115/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
33.3 min
23% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
30.1%

Commute Mode

Drove alone
55.1%
Carpooled
7.1%
Public transit
3.9%
Walked
1.5%
Bicycle
1.1%
Work from home
30.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 13.3%
Total Sales Tax 8.7%
State rate 7.3%
Avg local rate 1.4%
Property Tax 0.7%

💼 Income & Employment

Median Household Income
$193,633
160% above avg
Per Capita Income
$95,509
Unemployment Rate
4.8%
0% below avg
Poverty Rate
4.6%
Labor Force Participation
66.6%

🎓 Education

Bachelor's degree+ 34.0%
Graduate degree 40.1%

👥 Demographics

Median Age 39.7
Male median age 38.7
Female median age 41.1

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 31 — Good
97.8%
Good air days/yr
71
Max AQI recorded
16
PM2.5 days
295
Ozone days

Frequently Asked Questions

What is the cost of living in Foster City, CA?

Foster City has a cost index of 456 (100 = national average). It is 356% above the national average.

What is average rent in Foster City, CA?

The median gross rent in Foster City is $3,501 per month based on 2023 Census data.

What is the average home price in Foster City?

The median home value in Foster City is $1,774,500 according to Zillow and Census data.

What is the median income in Foster City?

The median household income in Foster City is $193,633 per year (2023 ACS 5-year estimates).

What is the sales tax in Foster City, CA?

The combined state and local sales tax rate in Foster City is 8.7%. The California state income tax top rate is 13.3%.

Is Foster City, CA affordable?

Foster City is above average in cost of living, with an index of 456 — about 356% higher than the national average.

Foster City at a Glance

Population
32,964
Median Income
$193,633
Home Value
$1,774,500
Median Rent
$3,501/mo
Unemployment
4.8%
Sales Tax
8.7%
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Explore county-level cost of living data

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