Cost of Living in Lone Pine, CA

With a cost of living index of 78, Lone Pine, CA is a very affordable place to live. Living here is 22% cheaper than the national average and 66% below the California state average of 144. Lone Pine is a small community of 1,373 residents.

Housing costs are the biggest factor in Lone Pine's cost of living. The median monthly rent is $784 (41% below the US median of $1,319), and the median home value sits at $192,800 (37% below 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 Lone Pine is $49,063, which is 35% lower than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Lone Pine. The area sees an average annual temperature of 77°F, with summers averaging 99°F and winters around 55°F. Annual rainfall totals 2 inches spread over roughly 23 days. Hot summers are common, which can affect utility costs and lifestyle.

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.