Cost of Living in Menlo Park, CA

Population 32,775 · California · Data vintage 2023

490
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Housing prices in Menlo Park cluster toward the top of the US distribution — a median of $2 million, roughly 7 times the national figure, consistent with markets dominated by nonresident and vacation-home buyers.

Geographically, Menlo Park sits roughly 9 miles northwest of Sunnyvale. Median home values run roughly 10% higher than Sunnyvale's $1.8 million.

Cost Overview

Housing 656
Rent 240

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

About the Cost of Living in Menlo Park

The median home value in Menlo Park is $2,000,001 — 556% above the national median of $305,000. Median rent runs $3,156/month, 140% higher than the national median of $1,314/month. The median household income of $206,588/year is 177% higher than the US median of $74,580. The local unemployment rate is 4.2%, 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%. The climate averages highs of 69.3°F and lows of 50.6°F. Overall, Menlo Park has a cost of living index of 490 versus the US average of 100, meaning it is 390% more expensive.

🏠 Housing

Median Home Value
$2,000,001
556% above avg
Zillow Home Value
$2,778,631
Zillow ZHVI
Median Rent
$3,156/mo
140% above avg
Zillow Rent
$3,887/mo
Zillow ZORI
Price-to-Rent Ratio
52.8x
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 55.3%
Renter-occupied 44.7%

💰 Estimated Monthly Budget

Rent median rent
$3,156
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $3,770/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
26.0 min
4% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
29.3%

Commute Mode

Drove alone
49.4%
Carpooled
7.2%
Public transit
3.0%
Walked
1.5%
Bicycle
7.8%
Work from home
29.3%

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
$206,588
177% above avg
Per Capita Income
$123,422
Unemployment Rate
4.2%
12% below avg
Poverty Rate
5.1%
Labor Force Participation
65.9%

🎓 Education

Bachelor's degree+ 26.6%
Graduate degree 46.1%

👥 Demographics

Median Age 38.5
Male median age 38.7
Female median age 38.3

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.3°F
Avg Low
50.6°F
Annual Precip
13.4"
40° 50° 60° 70° 80° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 596265687276777778746659
Low °F 424547495356595957534642
Precip" 2.492.902.040.980.430.100.000.010.070.561.362.51

💨 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 Menlo Park, CA?

Menlo Park has a cost index of 490 (100 = national average). It is 390% above the national average.

What is average rent in Menlo Park, CA?

The median gross rent in Menlo Park is $3,156 per month based on 2023 Census data.

What is the average home price in Menlo Park?

The median home value in Menlo Park is $2,000,001 according to Zillow and Census data.

What is the median income in Menlo Park?

The median household income in Menlo Park is $206,588 per year (2023 ACS 5-year estimates).

What is the sales tax in Menlo Park, CA?

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

Is Menlo Park, CA affordable?

Menlo Park is above average in cost of living, with an index of 490 — about 390% higher than the national average.

What is the weather like in Menlo Park?

Menlo Park has average high temperatures of 69.3°F and average lows of 50.6°F. Annual precipitation is 13.4". Data from NOAA 1991–2020 Climate Normals.