Diamond Springs, CA

Above Avg · 121

California · Population 12,642 · Updated March 2026

$1,644
Median Rent / Month
$83,288
Median Income
$409,000
Median Home Value
$1,651
Owner Costs / Month

Affordability

How far your income goes in Diamond Springs

23.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$19,728
Annual Rent
$11,077
State Income Tax
$2,904
Property Tax (est.)

Cost of Living Overview

Diamond Springs has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 121 (where 100 equals the national median), Diamond Springs residents can expect to pay median rent of $1,644/month while earning a median household income of $83,288/year.

The median home value in Diamond Springs, CA is $409,000, with typical monthly owner costs around $1,651 including mortgage, insurance, and taxes. The median rent-to-income ratio of 23.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Diamond Springs.

Frequently Asked Questions

Common questions about living costs in Diamond Springs

What is the cost of living in Diamond Springs, CA?
The cost of living index in Diamond Springs, CA is 121 (US average = 100). Median monthly rent is $1,644, median household income is $83,288/year, and the median home value is $409,000.
Is Diamond Springs, CA affordable?
No, Diamond Springs is more expensive than the national average with a cost index of 121. The rent-to-income ratio is 23.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Diamond Springs, CA?
The median gross rent in Diamond Springs, CA is $1,644 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $19,728.
What is the median household income in Diamond Springs?
The median household income in Diamond Springs, CA is $83,288 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%.