Cerritos, CA

Very High · 225

California · Population 48,340 · Updated March 2026

$2,909
Median Rent / Month
$133,953
Median Income
$908,600
Median Home Value
$2,365
Owner Costs / Month

Affordability

How far your income goes in Cerritos

26.1%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in California

State-level tax rates that affect your costs

13.3%
Income Tax (Top Rate)
7.25%
Sales Tax
0.71%
Property Tax Rate

Estimated Annual Costs

$34,908
Annual Rent
$17,816
State Income Tax
$6,451
Property Tax (est.)

Cost of Living Overview

Cerritos has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 225 (where 100 equals the national median), Cerritos residents can expect to pay median rent of $2,909/month while earning a median household income of $133,953/year.

The median home value in Cerritos, CA is $908,600, with typical monthly owner costs around $2,365 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.1%, Cerritos falls within the generally affordable range, though it's approaching the 30% burden threshold.

California's top income tax rate of 13.3% is among the highest in the nation, adding to the overall cost burden. Combined with a 7.25% sales tax rate and 0.71% effective property tax rate, the overall tax environment is a factor in the total cost of living in Cerritos.

Frequently Asked Questions

Common questions about living costs in Cerritos

What is the cost of living in Cerritos, CA?
The cost of living index in Cerritos, CA is 225 (US average = 100). Median monthly rent is $2,909, median household income is $133,953/year, and the median home value is $908,600.
Is Cerritos, CA affordable?
No, Cerritos is more expensive than the national average with a cost index of 225. The rent-to-income ratio is 26.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Cerritos, CA?
The median gross rent in Cerritos, CA is $2,909 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $34,908.
What is the median household income in Cerritos?
The median household income in Cerritos, CA is $133,953 per year. This compares to the national median of approximately $80,000.
What are the taxes like in California?
California has a top income tax rate of 13.3%, a sales tax of 7.25%, and an effective property tax rate of 0.71%.