Cost of Living in Tracy, CA

With a cost of living index of 162, Tracy, CA is one of the most expensive cities in the United States. Living here is 62% more expensive than the national average and 18% above the California state average of 144. With a population of 95,358, Tracy is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Tracy's cost of living. The median monthly rent is $2,325 (76% above the US median of $1,319), and the median home value sits at $653,900 (114% above the national median of $304,900). At current prices, the median home costs roughly 5.5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Tracy is $118,253, which is 57% higher than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Tracy. The area sees an average annual temperature of 63°F, with summers averaging 76°F and winters around 49°F. Annual rainfall totals 13.5 inches spread over roughly 57 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Stockton-Lodi, 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.