Carmel Valley Village 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.
IndexCarmel Valley VillageCaliforniaNational
Cost of living index179135100
IndexCarmel Valley VillageCaliforniaNational
Goods & Services index104107100
Groceries index110117100
Health care index103109100
Housing index345189100
Transportation index114125100
Utilities index113116100
A general overview of the cost of living index for Carmel Valley Village, CA is displayed above. In Carmel Valley Village, CA, the overall cost of living index is 179, which is 32% higher than the California average and 79% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Carmel Valley Village, CA, the city's goods and services are 2% lower than the California average and 4% higher than the U.S. average.

Did you know?

  • The cost of living in Carmel Valley Village is 32% higher than the California average.
  • The cost of living in Carmel Valley Village is 79% higher than the national average.
  • The cost of housing in Carmel Valley Village is 245% 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 Carmel Valley Village, CA Cost of living To Other Cities

Salary Calculator

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Health care index
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Using the salary calculator lets you compare the salary you earn in Carmel Valley Village, CA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Carmel Valley Village, CA, you have to earn a higher income in order to still have the same standard of living. To operate the Carmel Valley Village, CA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$118,060$9,838$2,755$3,542
Renters$67,112$5,593$1,566$2,014
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Carmel Valley Village, CA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Carmel Valley Village, CA homeowners, is $118,060. This would allow for a maximum of $2,755 per month to be spent on housing costs. For renters, the median monthly income is $67,112 which would result in a maximum of $1,566 to be spent on rental 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 Carmel Valley Village, 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

ItemCarmel Valley VillageNational avg.Difference
Haircut $16.49$14.5913.0%
Beauty Salon $43.50$34.6825.4%
Toothpaste $2.39$2.473.4%
Shampoo $1.39$1.0236.0%
Movie $10.25$9.873.9%
Bowling $4.00$4.398.9%

Groceries

ItemCarmel Valley VillageNational avg.Difference
Ground Beef $5.15$4.4815.0%
Fried Chicken $1.61$1.4610.0%
Milk $2.76$2.3617.1%
Potatoes $3.19$3.064.2%
Pizza $13.17$9.2442.5%
Beer $8.99$8.634.1%

Health Care

ItemCarmel Valley VillageNational avg.Difference
Optometrist $134.00$99.7834.3%
Doctor $91.50$105.0312.9%
Dentist $92.00$88.703.7%
Ibuprofen $10.75$9.4114.2%
Lipitor $316.62$298.506.1%

Housing

ItemCarmel Valley VillageNational avg.Difference
Home Price $715,200.00$175,700.00307.1%
Avg. Mortgage Payment $1,906.33$1,081.0376.3%
Apartment Rent $1,841.00$920.00100.1%

Transportation

ItemCarmel Valley VillageNational avg.Difference
Gasoline $2.53$2.0921.1%
Tire Balancing $43.33$45.294.3%

Utilities

ItemCarmel Valley VillageNational avg.Difference
All Electricity$231.09$170.8035.3%
Phone $22.99$28.2618.6%
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.
Boronda, CA1,2781055%
Chualar, CA1,2551077%
Salinas, CA154,07711818%
Marina, CA20,19813030%
Seaside, CA33,72913131%
Carmel Valley Village, CA4,32117979%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Barclay, NJ4,32113333%
Coopertown, TN4,3211000%
Mitchell, IN4,32084-16%
Garwood, NJ4,32313636%
Springville, NY4,31885-15%
Carmel Valley Village, CA4,32117979%
Source: The Carmel Valley Village, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.