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Cost of Living in Granite Bay, CA

Population 21,673 · Census ACS 2020–2024 5-year estimates

Median rent$2,740
Median home value$1,135,900
Median household income$184,606

The median rent in Granite Bay, CA is $2,740/month, 35% higher than the California median and 94% higher than the U.S. median. The median home value is $1,135,900, 241% higher than the national median. Households earn a median of $184,606 a year, 86% higher than the state median.

Affordability

Rent as a share of median income: 17.8%
Income needed for median rent (30% rule): $109,600/yr
Home price-to-income ratio: 6.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $5,744/mo

Run your own numbers: mortgage calculator · hourly to salary

Granite Bay vs. California vs. U.S.

Granite BayCaliforniaU.S.
Median rent$2,740$2,036$1,413
Median home value$1,135,900$734,700$332,700
Median household income$184,606$99,122$80,734
Homeownership rate90.0%55.9%65.2%
Bachelor's degree or higher63.7%37.1%35.7%
Poverty rate5.1%12.0%12.5%
Unemployment rate4.5%6.6%5.2%
Work from home26.0%17.2%15.1%
Median age47.237.938.9

FAQ

What is the average rent in Granite Bay, CA?

The median gross rent in Granite Bay, CA is $2,740 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Granite Bay, CA?

Using the common 30% rule, renting a median-priced home takes about $109,600 a year in gross income.

Is Granite Bay, CA expensive to live in?

Rent there is 94% higher than the U.S. median, and the median home costs about 6.2 times the median household income.

Other cities in California

Los Angeles, CARent $1,933 · Income $81,939San Diego, CARent $2,313 · Income $108,077San Jose, CARent $2,669 · Income $146,427San Francisco, CARent $2,476 · Income $140,970Fresno, CARent $1,421 · Income $70,991Sacramento, CARent $1,779 · Income $87,321

Cities with a similar cost of living

Brentwood, TNRent $2,825 · Income $182,088West Islip, NYRent $2,765 · Income $176,281Massapequa, NYRent $2,631 · Income $181,846Burke, VARent $2,894 · Income $185,818Union Hill-Novelty Hill, WARent $2,556 · Income $185,369Merrick, NYRent $2,919 · Income $185,740

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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