States › California › Grand Terrace

Is Grand Terrace, CA expensive to live in?

ExpensiveRent takes 33 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,49742% higher than U.S. average
💵 Families earn per year (2026)$90,193about $7,516/month · 4% higher than U.S. average
🔑 House price$517,60056% higher than U.S. average

Rent is higher than in 86% of U.S. cities. A typical house costs about 5.7 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $99,880 a year. That is $48 an hour at a full-time job.

Is rent cheaper than other California cities?

No. Rent here is more expensive than in most of California. It is number 383 of 653 cities from cheapest to most expensive.

Grand Terrace
$2,497
Emeryville
$3,127
North Fair Oaks
$1,921
Lake Los Angeles
$1,622
Carpinteria
$2,364
Lamont
$1,009
Palos Verdes Estates
$3,411

How much do households earn in Grand Terrace?

Under $25k
9.2%
$25k–50k
20.0%
$50k–100k
36.4%
$100k–150k
21.6%
$150k+
10.8%

Share of households by yearly income. 32.4% of households earn $100,000 or more.

Rent by apartment size in Grand Terrace

SizeGrand TerraceU.S. average
Studio$2,362$1,338
1 bedroom$1,692$1,324
2 bedrooms$2,094$1,509
3 bedrooms$2,436$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Grand Terrace overall?

Everyday prices in California overall are 11% above the U.S. average (index 110.7, U.S. = 100).

Housing
154
Goods (food, clothes…)
106
Utilities
159
Other services
103
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Grand Terrace, so the California figure is shown.

Taxes and bills in Grand Terrace

🏛️ Property tax$3,921a year · 0.76% of home value · U.S. $3,119
⚡ Electric bill$154a month (typical) · U.S. $156

Life in Grand Terrace

Commute to work25.6 minU.S.: 26.4 min
College degree28.4%U.S.: 35.7%
Own their home64.4%U.S.: 65.2%
Below poverty line7.5%U.S.: 12.5%
Unemployment6.7%U.S.: 5.2%

Is it cheaper to rent or buy in Grand Terrace?

Renting is cheaper right now: about $1,094 a month less.

Renting
$2,497
Owning
$3,591

Owning assumes a typical $517,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $51,760 for the down payment.

Frequently asked questions

What is the average rent in Grand Terrace, CA?

Renting in Grand Terrace costs a median of about $2,497 a month in 2026, including utilities. The California median is $2,357.

How much do I need to make to live in Grand Terrace?

To keep rent under 30% of income, you need about $99,880 a year, or $48 an hour at a full-time job.

Is Grand Terrace cheap or expensive?

Grand Terrace is rated Expensive: rent takes 33.2% of the typical household income of $90,193. It ranks 383rd cheapest of 653 California cities we track.

How much are property taxes in Grand Terrace?

The median homeowner in Grand Terrace pays $3,921 a year in property taxes, about 0.76% of the median home value.

Is Grand Terrace more expensive than the national average?

Overall prices in California are 11% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Grand Terrace?

The median home value in Grand Terrace is $517,600, about 5.7 times the typical yearly household income.

13,078 people live in Grand Terrace. Numbers are typical (middle) values.