Cost of Living in Lake Don Pedro, CA

With a cost of living index of 122, Lake Don Pedro, CA is a notably expensive place to live. Living here is 22% more expensive than the national average and 21% below the California state average of 144. Lake Don Pedro is a small community of 1,157 residents.

Housing costs are the biggest factor in Lake Don Pedro's cost of living. The median monthly rent is $1,933 (47% above the US median of $1,319), and the median home value sits at $329,200 (8% above the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Lake Don Pedro is $84,659, which is 13% higher than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. While incomes are above average, they do not fully offset the higher cost of living.

Climate is another factor for anyone considering a move to Lake Don Pedro. The area sees an average annual temperature of 62.3°F, with summers averaging 77°F and winters around 48°F. Annual rainfall totals 11.8 inches spread over roughly 56 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Modesto, 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.