Cost of Living in Parkwood, CA

With a cost of living index of 103, Parkwood, CA is somewhat more expensive than average. Living here is 3% more expensive than the national average and 41% below the California state average of 144. Parkwood is a small community of 2,095 residents.

Housing costs are the biggest factor in Parkwood's cost of living. The median monthly rent is $1,522 (15% above the US median of $1,319), and the median home value sits at $250,000 (18% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Parkwood is $78,194, which is 4% higher than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Parkwood. The area sees an average annual temperature of 63.3°F, with summers averaging 78°F and winters around 49°F. Annual rainfall totals 10.8 inches spread over roughly 58 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Fresno, 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.