Cost of Living in Cressey, CA

With a cost of living index of 73, Cressey, CA is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and 71% below the California state average of 144. Cressey is a small community of 265 residents.

Housing costs are the biggest factor in Cressey's cost of living. The median monthly rent is $684 (48% below the US median of $1,319), and the median home value sits at $213,900 (30% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in Cressey is $78,333, which is 4% higher than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Merced, CA (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.