Cost of Living in Half Moon Bay, CA

Population 11,454 · California · Data vintage 2023

359
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing prices in Half Moon Bay cluster toward the top of the US distribution — a median of $1.5 million, roughly 5 times the national figure, consistent with markets dominated by nonresident and vacation-home buyers. The labor market has been unusually tight, with unemployment around 2.5% — below most comparable cities in the state.

Half Moon Bay sits roughly 10 miles southwest of San Mateo — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with San Mateo's $1.6 million median.

Cost Overview

Housing 481
Rent 175

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

About the Cost of Living in Half Moon Bay

The median home value in Half Moon Bay is $1,467,000 — 381% above the national median of $305,000. Median rent runs $2,299/month, 75% higher than the national median of $1,314/month. The median household income of $153,199/year is 105% higher than the US median of $74,580. The local unemployment rate is 2.5%, below 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, Half Moon Bay has a cost of living index of 359 versus the US average of 100, meaning it is 259% more expensive.

🏠 Housing

Median Home Value
$1,467,000
381% above avg
Zillow Home Value
$1,534,250
Zillow ZHVI
Median Rent
$2,299/mo
75% above avg
Price-to-Rent Ratio
53.2x
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 72.8%
Renter-occupied 27.2%

💰 Estimated Monthly Budget

Rent median rent
$2,299
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,913/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
34.5 min
28% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
23.0%

Commute Mode

Drove alone
61.2%
Carpooled
7.5%
Walked
5.6%
Bicycle
0.9%
Work from home
23.0%

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
$153,199
105% above avg
Per Capita Income
$81,034
Unemployment Rate
2.5%
48% below avg
Poverty Rate
6.2%
Labor Force Participation
63.1%

🎓 Education

Bachelor's degree+ 28.4%
Graduate degree 24.9%

👥 Demographics

Median Age 46.5
Male median age 48.4
Female median age 44.9

💨 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 Half Moon Bay, CA?

Half Moon Bay has a cost index of 359 (100 = national average). It is 259% above the national average.

What is average rent in Half Moon Bay, CA?

The median gross rent in Half Moon Bay is $2,299 per month based on 2023 Census data.

What is the average home price in Half Moon Bay?

The median home value in Half Moon Bay is $1,467,000 according to Zillow and Census data.

What is the median income in Half Moon Bay?

The median household income in Half Moon Bay is $153,199 per year (2023 ACS 5-year estimates).

What is the sales tax in Half Moon Bay, CA?

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

Is Half Moon Bay, CA affordable?

Half Moon Bay is above average in cost of living, with an index of 359 — about 259% higher than the national average.

Half Moon Bay at a Glance

Population
11,454
Median Income
$153,199
Home Value
$1,467,000
Median Rent
$2,299/mo
Unemployment
2.5%
Sales Tax
8.7%
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🗺️ County data for California

Explore county-level cost of living data

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