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Cost of Living in Placer County, CA

Population 419,156 · Census ACS 2020–2024 5-year estimates

Median rent$2,069
Median home value$688,100
Median household income$115,998

The median rent in Placer County, CA is $2,069/month, about the same as the California median and 46% higher than the U.S. median. The median home value is $688,100, 107% higher than the national median. Households earn a median of $115,998 a year, 17% higher than the state median.

Affordability

Rent as a share of median income: 21.4%
Income needed for median rent (30% rule): $82,760/yr
Home price-to-income ratio: 5.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $3,479/mo

Run your own numbers: mortgage calculator · hourly to salary

Placer County vs. California vs. U.S.

Placer CountyCaliforniaU.S.
Median rent$2,069$2,036$1,413
Median home value$688,100$734,700$332,700
Median household income$115,998$99,122$80,734
Homeownership rate74.8%55.9%65.2%
Bachelor's degree or higher43.2%37.1%35.7%
Poverty rate6.8%12.0%12.5%
Unemployment rate4.8%6.6%5.2%
Work from home22.7%17.2%15.1%
Median age42.537.938.9

FAQ

What is the average rent in Placer County, CA?

The median gross rent in Placer County, CA is $2,069 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Placer County, CA?

Using the common 30% rule, renting a median-priced home takes about $82,760 a year in gross income.

Is Placer County, CA expensive to live in?

Rent there is 46% higher than the U.S. median, and the median home costs about 5.9 times the median household income.

Other counties in California

Los Angeles County, CARent $1,954 · Income $90,112San Diego County, CARent $2,246 · Income $106,268Orange County, CARent $2,434 · Income $116,289Riverside County, CARent $1,901 · Income $93,074San Bernardino County, CARent $1,801 · Income $85,478Santa Clara County, CARent $2,857 · Income $164,281

Counties with a similar cost of living

Alexandria city, VARent $2,089 · Income $119,681Wasatch County, UTRent $2,000 · Income $117,608Anne Arundel County, MDRent $2,071 · Income $124,911Westchester County, NYRent $1,951 · Income $118,976King County, WARent $2,092 · Income $124,746Honolulu County, HIRent $2,083 · Income $106,195

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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