Cost of Living in Greenacres, CA

Population 4,566 · California · Data vintage 2023

111
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Greenacres a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $325,000. At 7.4%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Located 5 miles west of Bakersfield, Greenacres falls within that metro's commuting orbit. Housing prices track closely with Bakersfield's $347,000 median.

Cost Overview

Housing 106
Rent 117

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

About the Cost of Living in Greenacres

The median home value in Greenacres is $324,700 — 6% above the national median of $305,000. Median rent runs $1,538/month, 17% higher than the national median of $1,314/month. The median household income of $81,369/year is 9% higher than the US median of $74,580. The local unemployment rate is 7.4%, 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, Greenacres has a cost of living index of 111 versus the US average of 100, meaning it is 11% more expensive.

🏠 Housing

Median Home Value
$324,700
6% above avg
Median Rent
$1,538/mo
17% above avg
Price-to-Rent Ratio
17.6x
Favors buying
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 78.4%
Renter-occupied 21.6%

💰 Estimated Monthly Budget

Rent median rent
$1,538
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,152/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
23.4 min
13% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.8%

Commute Mode

Drove alone
82.5%
Carpooled
11.1%
Walked
0.3%
Work from home
4.8%

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
$81,369
9% above avg
Per Capita Income
$39,405
Unemployment Rate
7.4%
53% above avg
Poverty Rate
4.7%
Labor Force Participation
63.0%

🎓 Education

Bachelor's degree+ 12.1%
Graduate degree 4.2%

👥 Demographics

Median Age 40.2
Male median age 37
Female median age 43.3

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 69 — Moderate
23.3%
Good air days/yr
174
Max AQI recorded
135
PM2.5 days
217
Ozone days

Frequently Asked Questions

What is the cost of living in Greenacres, CA?

Greenacres has a cost index of 111 (100 = national average). It is 11% above the national average.

What is average rent in Greenacres, CA?

The median gross rent in Greenacres is $1,538 per month based on 2023 Census data.

What is the average home price in Greenacres?

The median home value in Greenacres is $324,700 according to 2023 Census ACS data.

What is the median income in Greenacres?

The median household income in Greenacres is $81,369 per year (2023 ACS 5-year estimates).

What is the sales tax in Greenacres, CA?

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

Is Greenacres, CA affordable?

Greenacres is above average in cost of living, with an index of 111 — about 11% higher than the national average.

Greenacres at a Glance

Population
4,566
Median Income
$81,369
Home Value
$324,700
Median Rent
$1,538/mo
Unemployment
7.4%
Sales Tax
8.7%
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Explore county-level cost of living data

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