How Much Does It Cost To Live In  Folsom CA?

Last update 05-27-2020 by Rico Castillo

How much does it cost to live in Folsom Ca?

Great question!

Folsom is an affluent area East of Sacramento CA - about 30 minutes towards Lake Tahoe.  It’s the last city where Sacramento County ends and El Dorado County begins in El Dorado Hills.

How Much Does It Cost To Live  in Folsom Ca - HOUSING

Though overall the average cost of living here is higher than the national average, the main culprit is housing.

While the national average is just a little over $231,000, the average cost of housing here is over twice that at little over $550,000.


High demand to live here almost guarantees that there won’t be a slow down in price increase any time soon.

However, there are still homes that you can get in the low $400s.  They’re 2 to 3 bedroom homes with the square footage around 1200 or less.


Now that we’ve talked about how much it cost to live in Folsom Ca in terms of buying a home - what about renting?

Well, it has gone crazy here.  The average cost of renting for a 3 bedroom home is between $2320 to $2490.   Of course, it’s a little less if you’re renting an apartment or even a condo compared to a standalone, single family home.

If you’re looking to get into a 4 bedroom home, then expect to pay rent over $3000.  Depending on the area, a 4 bedroom can go as high as $3500 - especially if the home has had upgrades.

The rent could be higher than some mortgage payments.

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How Much Does It Cost To Live In Folsom Ca - Utilities, Groceries and Entertainment

Folsom CA uses SMUD (Sacramento Municipal Utility District) and not PG&E for it’s electricity utility.  Its cheaper rates help out quite a bit especially when there are at least 2 weeks worth of days in the summer where the temperature gets over 100 degrees.

Unfortunately, the opposite happens in the winter time - 2 weeks worth of days that temperature reaches freezing temperature.

We still use PG&E, but it’s for gas only.


As far as groceries, if it wasn’t for the higher tax, the overall grocery costs would be about the same as the national average.  

You can help yourself by shopping in bulk in places like Costco, or even Sam’s Club.  


We also have a Super Walmart here and, if you compare the prices to the other stores, you will see the difference in price.

Grocery Outlet will save you some money in groceries as well.


Once in a while, sometimes you just don’t feel like cooking, right?  The cost for 1 person to go out is about $12 to $18, but can go up if you add drinks and deserts.

Our Favorite Italian Restaurant In Folsom

For a couple, the average is around $40 to $60 depending if you add drinks and deserts.

If you were to go to a fancier restaurant, then you can almost double that.

How Much Does It Cost To Live In Folsom CA - Transportation and Gas

As of May 2020, the cost of gas at Costco is around $2.20.  The local gas stations are between $.10 to $.80 higher.

If you take the Light Rail, the to go one way is around $2.50 to $3.25, depending on how far you go.  It’s around $7.00 round trip.

If you’re 62 years old or older, the cost is cut in half.


You have to have health care - period.

Depending on your plans, it seems overall, the cost here is lower, though some sources say it’s lower.   This is definitely something that you have to shop around to get the best plan for you.


Aside from housing, I think we compare well to the national average - maybe just a tad bit higher overall (less the housing) due to the higher tax rate.

There are some affordable housing close to Folsom which could make your overall cost of living more affordable.

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About the author: All of the articles in this site were written and provided by Rico Castillo (DRE# 01234643) with Coldwell Banker.  If any information is provided by another source, such as the local MLS or by Metrolist, then a disclaimer will be on that page.

Rico can be reached by cell at (916) 934-3146 or email at   Visit his YouTube Channel at

My aim is always 100% client satisfaction by helping you accomplish your real estate goals and finding you the home you've Dreamed about in the area you and your family can feel proud and safe to live in!