I don't listen to Coast To Coast, but based on this statement, I'd say he does have a point, although I'd say housing
is where most of one's money will go, depending on where they live (CA has one of the highest median home prices in the nation, especially in urban areas, where rents are likewise quite high), followed by insurance (those in CA will pay substantially more for homeowner's policies in the majority of the state due to elevated fire risk, if they can get any at all). Electricity will be a close third (again in CA, the average energy bill is 2 to 3 times the national average, which hurts quite a bit, especially when it gets excessively hot or cold), followed by transportation (the average price per gallon for regular gasoline is a good $1-$2 more than the national average, though it has, thankfully, come down somewhat in recent months). Food would come in at #5 or 6, I think.
In short, California is a terrible place to live if one is broke 😵
What this has to do with broadcasting I'm not sure.
c