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2024 BEA RPP All 4 categories Federal source

Hanford-Corcoran, CA

Cost-of-living indicators for Hanford-Corcoran, CA, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 25260 · Data year: 2024 · Rank: #60 of 387

Hanford-Corcoran, CA has a cost of living index of 101.6, meaning it's 1.6% more expensive than the national average. Goods cost 5.2% more, services 57.4% more, and rents are 6.5% below average. A $100K national salary has the purchasing power of $98,414 here.

What the Numbers Mean for Hanford

Hanford ranks #60 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the top quartile for cost. With an overall Regional Price Parity of 101.6, Hanford-Corcoran, CA is 1.6% more expensive than the national baseline of 100. The gap between Hanford's most and least expensive categories — services at 157.4 versus rents at 93.5 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $98,414 inside Hanford, while a household needs roughly $101,612 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 93.5 — 6.5% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Hanford's overall index has stayed within 0.9 points, holding steady versus other U.S. metros. For the 2024 data year, goods are indexed at 105.2 and services at 157.4, meaning everyday spending in Hanford is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Hanford Cost Index at a Glance

Hanford all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg100101.6

Hanford category breakdown

BEA RPP composition by goods, services, rents, overall

Rents93.497Services157.378Goods105.168Overall101.612

Price Index Summary

Overall

101.6

+1.6 above avg

Goods

105.2

+5.2 above avg

Services

157.4

+57.4 above avg

Rents

93.5

-6.5 below avg

Price Index vs National Average (100)

Overall
National avg

Index 101.6 (+1.6 vs national avg)

Goods
National avg

Index 105.2 (+5.2 vs national avg)

Services
National avg

Index 157.4 (+57.4 vs national avg)

Rents
National avg

Index 93.5 (-6.5 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Above National Average

Services +57.4% (157.4)
Goods +5.2% (105.2)
Overall +1.6% (101.6)

Below National Average

Rents -6.5% (93.5)

Income Adequacy in Hanford

Hanford income adequacy score

$75,000 median income vs RPP 101.6

0/100100/10099/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$101,612

in Hanford-Corcoran, CA purchasing power

$50,000 nationally
$50,806
$75,000 nationally
$76,209
$125,000 nationally
$127,015
$150,000 nationally
$152,418
$200,000 nationally
$203,224

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has remained relatively stable, changing by only 0.9 points over this period.

Year Overall
2008 100.7
2009 97.8
2010 95.8
2011 99.7
2012 96.0
2013 95.7
2014 94.6
2015 99.0
2016 97.1
2017 95.8
2018 101.6
2019 98.0
2020 99.8
2021 98.5
2022 102.3
2023 98.6
2024 101.6

Related Data for Hanford

Frequently Asked Questions

What is the cost of living in Hanford-Corcoran, CA?
Hanford-Corcoran, CA has a Regional Price Parity (RPP) index of 101.6, meaning it is 1.6% more expensive than the national average. Goods are indexed at 105.2, services at 157.4, and rents at 93.5. It ranks #60 out of 387 U.S. metro areas by overall cost.
What salary do I need in Hanford-Corcoran, CA to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $101,612 in Hanford-Corcoran, CA. Conversely, $100K earned in Hanford-Corcoran, CA has the purchasing power of $98,414 at the national average.
How expensive is rent in Hanford-Corcoran, CA?
Rents in Hanford-Corcoran, CA are indexed at 93.5, which is 6.5% below the national average. This is close to the U.S. average.
Is Hanford-Corcoran, CA getting more expensive?
From 2008 to 2024, Hanford-Corcoran, CA's overall cost index changed by +0.9 points (from 100.7 to 101.6). The cost of living has remained relatively stable.
What costs the most in Hanford-Corcoran, CA?
The most expensive category in Hanford-Corcoran, CA is services at 157.4, which is 57.4% above the national average. The most affordable category is rents at 93.5, 6.5% below average.
What metros have a similar cost of living to Hanford-Corcoran, CA?
Metros with the most similar overall cost index include Eugene-Springfield, Providence-Warwick, Medford. These areas have RPP values within a few points of Hanford-Corcoran, CA's 101.6.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

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