Cost of Living in Carmel-by-the-Sea, CA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
245.2
100 = national avg
+145.2 vs national average
Living Wage (1 Adult)
$107,899
per year
Living Wage (Family of 4)
$255,034
per year
Cost Index by Category
Housing400.0
Food138.5
Transportation176.9
Healthcare130.8
Utilities183.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,232
per month
2 Bedroom
$2,684
per month
The overall cost of living index in Carmel-by-the-Sea is 245.2, which is 145.2% above the national average. Housing costs are above the national average at an index of 400.0. A single adult needs to earn approximately $107,899 per year to cover basic expenses.