Cost of Living in Elk Grove, California
In Elk Grove, the median household income is $125,924 and the median gross rent is $2,262/mo, with a median home value of $630,100. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $125,924
- Median gross rent
- $2,262/mo
- Median home value
- $630,100
- Population
- 179,155
How Elk Grove compares to the California average
| Measure | Elk Grove, CA | California statewide | Difference |
|---|---|---|---|
| Median household income | $125,924 | $99,122 | +27.0% |
| Median gross rent (monthly) | $2,262 | $2,036 | +11.1% |
| Median home value | $630,100 | $734,700 | -14.2% |
Statewide, California prices average 110.7 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Elk Grove
- Salary needed for median rent
- $90,480
- Rent burden at median income
- 21.6%
- Est. affordable home price
- $459,362
So that $2,262/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Elk Grove is $630,100 — +37.2% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other California cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.