Cost of Living in Paramount, CA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
146.6
100 = national avg
+46.6 vs national average
Living Wage (1 Adult)
$64,490
per year
Living Wage (Family of 4)
$152,430
per year
Cost Index by Category
Housing212.5
Food104.2
Transportation116.3
Healthcare103.4
Utilities125.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$2,085
per month
2 Bedroom
$2,601
per month
The overall cost of living index in Paramount is 146.6, which is 46.6% above the national average. Housing costs are above the national average at an index of 212.5. A single adult needs to earn approximately $64,490 per year to cover basic expenses.