Cost of Living in Rancho Palos Verdes, CA
Population 41,259 · California · Data vintage 2023
(100 = US avg)
At $1.5 million, the typical home in Rancho Palos Verdes costs about 5× the national median, a premium characteristic of resort and luxury markets rather than primary-residence metros.
Rancho Palos Verdes sits roughly 6 miles south of Torrance — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 49% higher than Torrance's $1 million.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Rancho Palos Verdes
The median home value in Rancho Palos Verdes is $1,541,400 — 405% 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 $175,307/year is 135% higher than the US median of $74,580. The local unemployment rate is 5.4%, 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, Rancho Palos Verdes has a cost of living index of 410 versus the US average of 100, meaning it is 310% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Rancho Palos Verdes, CA?
Rancho Palos Verdes has a cost index of 410 (100 = national average). It is 310% above the national average.
What is average rent in Rancho Palos Verdes, CA?
The median gross rent in Rancho Palos Verdes is $3,501 per month based on 2023 Census data.
What is the average home price in Rancho Palos Verdes?
The median home value in Rancho Palos Verdes is $1,541,400 according to Zillow and Census data.
What is the median income in Rancho Palos Verdes?
The median household income in Rancho Palos Verdes is $175,307 per year (2023 ACS 5-year estimates).
What is the sales tax in Rancho Palos Verdes, CA?
The combined state and local sales tax rate in Rancho Palos Verdes is 8.7%. The California state income tax top rate is 13.3%.
Is Rancho Palos Verdes, CA affordable?
Rancho Palos Verdes is above average in cost of living, with an index of 410 — about 310% higher than the national average.
Rancho Palos Verdes at a Glance
- Population
- 41,259
- Median Income
- $175,307
- Home Value
- $1,541,400
- Median Rent
- $3,501/mo
- Unemployment
- 5.4%
- Sales Tax
- 8.7%
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Explore county-level cost of living data