Larkspur, CA

Very High · 335

California · Population 12,856 · Updated March 2026

$2,867
Median Rent / Month
$134,744
Median Income
$1,805,100
Median Home Value
$3,065
Owner Costs / Month

Affordability

How far your income goes in Larkspur

25.5%
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

$34,404
Annual Rent
$17,921
State Income Tax
$12,816
Property Tax (est.)

Cost of Living Overview

Larkspur has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 335 (where 100 equals the national median), Larkspur residents can expect to pay median rent of $2,867/month while earning a median household income of $134,744/year.

The median home value in Larkspur, CA is $1,805,100, with typical monthly owner costs around $3,065 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.5%, Larkspur 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 Larkspur.

Frequently Asked Questions

Common questions about living costs in Larkspur

What is the cost of living in Larkspur, CA?
The cost of living index in Larkspur, CA is 335 (US average = 100). Median monthly rent is $2,867, median household income is $134,744/year, and the median home value is $1,805,100.
Is Larkspur, CA affordable?
No, Larkspur is more expensive than the national average with a cost index of 335. The rent-to-income ratio is 25.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Larkspur, CA?
The median gross rent in Larkspur, CA is $2,867 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $34,404.
What is the median household income in Larkspur?
The median household income in Larkspur, CA is $134,744 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%.