Cost of Living in Banning, CA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
118.6
100 = national avg
+18.6 vs national average
Living Wage (1 Adult)
$52,166
per year
Living Wage (Family of 4)
$123,300
per year
Cost Index by Category
Housing164.3
Food94.1
Transportation88.2
Healthcare95.3
Utilities109.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,777
per month
2 Bedroom
$2,201
per month
The overall cost of living index in Banning is 118.6, which is 18.6% above the national average. Housing costs are above the national average at an index of 164.3. A single adult needs to earn approximately $52,166 per year to cover basic expenses.