Cost of Living in Happy Valley, CA

Population 6,046 · California · Data vintage 2023

112
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 Happy Valley a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $294,000. At 10.9%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Located 60 miles northwest of Chico, Happy Valley is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 35% lower than Chico's $455,000.

Cost Overview

Housing 96
Rent 134

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

About the Cost of Living in Happy Valley

The median home value in Happy Valley is $293,800 — 4% below the national median of $305,000. Median rent runs $1,766/month, 34% higher than the national median of $1,314/month. The median household income of $80,578/year is 8% higher than the US median of $74,580. The local unemployment rate is 10.9%, 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, Happy Valley has a cost of living index of 112 versus the US average of 100, meaning it is 12% more expensive.

🏠 Housing

Median Home Value
$293,800
4% below avg
Median Rent
$1,766/mo
34% above avg
Price-to-Rent Ratio
13.9x
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 86.5%
Renter-occupied 13.5%

💰 Estimated Monthly Budget

Rent median rent
$1,766
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,380/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
23.1 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.9%

Commute Mode

Drove alone
88.0%
Carpooled
3.9%
Walked
0.5%
Work from home
6.9%

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
$80,578
8% above avg
Per Capita Income
$36,270
Unemployment Rate
10.9%
127% above avg
Poverty Rate
4.3%
Labor Force Participation
58.3%

🎓 Education

Bachelor's degree+ 14.9%
Graduate degree 3.9%

👥 Demographics

Median Age 45.1
Male median age 38.9
Female median age 48.2

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 45 — Good
67.7%
Good air days/yr
1435
Max AQI recorded
93
PM2.5 days
272
Ozone days

Frequently Asked Questions

What is the cost of living in Happy Valley, CA?

Happy Valley has a cost index of 112 (100 = national average). It is 12% above the national average.

What is average rent in Happy Valley, CA?

The median gross rent in Happy Valley is $1,766 per month based on 2023 Census data.

What is the average home price in Happy Valley?

The median home value in Happy Valley is $293,800 according to 2023 Census ACS data.

What is the median income in Happy Valley?

The median household income in Happy Valley is $80,578 per year (2023 ACS 5-year estimates).

What is the sales tax in Happy Valley, CA?

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

Is Happy Valley, CA affordable?

Happy Valley is above average in cost of living, with an index of 112 — about 12% higher than the national average.