Boyes Hot Springs cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBoyes Hot SpringsCaliforniaNational
Cost of living index143137100
IndexBoyes Hot SpringsCaliforniaNational
Goods & Services index115109100
Groceries index131118100
Health care index117111100
Housing index200189100
Transportation index129130100
Utilities index107112100
An overview of the general cost of living index for Boyes Hot Springs, CA is displayed above for your reference. Residents in Boyes Hot Springs, CA enjoy a cost of living index of 143. This index is 5% higher than the California average, and 43% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Boyes Hot Springs, CA, the average cost of goods and services is 5% higher than it is in California, and it is 15% higher than the national average.

Did you know?

  • The cost of living in Boyes Hot Springs is 5% higher than the California average.
  • The cost of living in Boyes Hot Springs is 43% higher than the national average.
  • The cost of housing in Boyes Hot Springs is 100% higher than the national average.
  • California general sales tax is 47% higher than the national average.
  • California state income tax is 55% lower than the national average.

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Compare Boyes Hot Springs, CA Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Boyes Hot Springs, CA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Boyes Hot Springs, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Boyes Hot Springs, CA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$80,823$6,735$1,886$2,425
Renters$41,081$3,423$958$1,233
The affordability of the housing market in Boyes Hot Springs, CA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Boyes Hot Springs, CA homeowners, the median income is $80,823. This indicates that a monthly maximum of $1,886 should be spent by homeowners on all housing related costs. Renters have a median income of $41,081. This indicates that renters should have a maximum of $958 used for their rent related monthly costs.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
For those who live in Boyes Hot Springs, CA and want to know what the true cost of living is, they ought to look at both the California income tax rate and the California sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In California, the sales tax is 7.5%, while the most you'll pay in surtax is 10%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in California, the income tax rate ranges between 1% to 12.3%.

Goods & Services

ItemBoyes Hot SpringsNational avg.Difference
Haircut $16.52$15.566.2%
Beauty Salon $68.42$36.1189.5%
Toothpaste $3.21$2.4729.7%
Shampoo $1.11$0.9614.7%
Movie $12.69$10.1325.3%
Bowling $5.75$4.7421.5%

Groceries

ItemBoyes Hot SpringsNational avg.Difference
Ground Beef $3.92$3.981.7%
Fried Chicken $1.51$1.417.1%
Milk $3.08$2.0649.4%
Potatoes $3.69$2.9823.7%
Pizza $11.00$9.4716.1%
Beer $9.63$8.799.5%

Health Care

ItemBoyes Hot SpringsNational avg.Difference
Optometrist $119.20$101.0418.0%
Doctor $129.20$107.4420.3%
Dentist $113.36$90.4225.4%
Ibuprofen $11.72$9.2826.3%
Lipitor $396.41$426.507.1%

Housing

ItemBoyes Hot SpringsNational avg.Difference
Home Price $407,300.00$175,700.00131.8%
Avg. Mortgage Payment $2,671.73$1,133.23135.8%
Apartment Rent $1,157.00$920.0025.8%

Transportation

ItemBoyes Hot SpringsNational avg.Difference
Gasoline $2.75$1.9938.0%
Tire Balancing $49.52$45.768.2%

Utilities

ItemBoyes Hot SpringsNational avg.Difference
All Electricity$203.40$163.8124.2%
Phone $24.33$28.3914.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Oakville, CA5911919%
Vallejo, CA118,07812222%
Roseland, CA5,55613030%
Rohnert Park, CA41,35213535%
American Canyon, CA20,08913636%
Boyes Hot Springs, CA7,66414343%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Butner, NC7,66189-11%
Gold River, CA7,65813636%
McCook, NE7,67079-21%
Baldwinsville, NY7,65591-9%
North Star, DE7,65514343%
Boyes Hot Springs, CA7,66414343%
Source: The Boyes Hot Springs, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.