Grand Terrace, CA

Very High · 132

California · Population 13,069 · Updated March 2026

$1,782
Median Rent / Month
$83,668
Median Income
$465,800
Median Home Value
$1,726
Owner Costs / Month

Affordability

How far your income goes in Grand Terrace

25.6%
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

$21,384
Annual Rent
$11,128
State Income Tax
$3,307
Property Tax (est.)

Cost of Living Overview

Grand Terrace has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 132 (where 100 equals the national median), Grand Terrace residents can expect to pay median rent of $1,782/month while earning a median household income of $83,668/year.

The median home value in Grand Terrace, CA is $465,800, with typical monthly owner costs around $1,726 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.6%, Grand Terrace 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 Grand Terrace.

Frequently Asked Questions

Common questions about living costs in Grand Terrace

What is the cost of living in Grand Terrace, CA?
The cost of living index in Grand Terrace, CA is 132 (US average = 100). Median monthly rent is $1,782, median household income is $83,668/year, and the median home value is $465,800.
Is Grand Terrace, CA affordable?
No, Grand Terrace is more expensive than the national average with a cost index of 132. The rent-to-income ratio is 25.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Grand Terrace, CA?
The median gross rent in Grand Terrace, CA is $1,782 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $21,384.
What is the median household income in Grand Terrace?
The median household income in Grand Terrace, CA is $83,668 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%.