Carmel-by-the-Sea 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-by-the-SeaCaliforniaNational
Cost of living index257137100
IndexCarmel-by-the-SeaCaliforniaNational
Goods & Services index125109100
Groceries index143118100
Health care index133111100
Housing index559189100
Transportation index130130100
Utilities index109112100
A general overview of the cost of living index for Carmel-by-the-Sea, CA is displayed above. In Carmel-by-the-Sea, CA, the overall cost of living index is 257, which is 88% higher than the California average and 157% 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-by-the-Sea, CA, the city's goods and services are 14% higher than the California average and 25% higher than the U.S. average.

Did you know?

  • The cost of living in Carmel-by-the-Sea is 88% higher than the California average.
  • The cost of living in Carmel-by-the-Sea is 157% higher than the national average.
  • The cost of housing in Carmel-by-the-Sea is 459% 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-by-the-Sea, CA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Carmel-by-the-Sea, CA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Carmel-by-the-Sea, CA, then you would need to earn more income in order to maintain the same standard of living. To use the Carmel-by-the-Sea, CA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$66,250$5,521$1,546$1,988
Renters$59,236$4,936$1,382$1,777
The affordability of the housing market in Carmel-by-the-Sea, 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 Carmel-by-the-Sea, CA homeowners, the median income is $66,250. This indicates that a monthly maximum of $1,546 should be spent by homeowners on all housing related costs. Renters have a median income of $59,236. This indicates that renters should have a maximum of $1,382 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%
When assessing the complete cost of living in Carmel-by-the-Sea, CA, the California income tax and the California sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The California maximum surtax is 10%, and the California sales tax is 7.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 12.3% in California.

Goods & Services

ItemCarmel-by-the-SeaNational avg.Difference
Haircut $17.55$15.5612.7%
Beauty Salon $40.77$36.1112.9%
Toothpaste $3.61$2.4745.8%
Shampoo $1.23$0.9627.1%
Movie $12.35$10.1321.9%
Bowling $7.64$4.7461.3%

Groceries

ItemCarmel-by-the-SeaNational avg.Difference
Ground Beef $6.33$3.9858.8%
Fried Chicken $2.69$1.4191.3%
Milk $2.92$2.0641.3%
Potatoes $4.70$2.9857.6%
Pizza $13.06$9.4737.8%
Beer $9.48$8.797.8%

Health Care

ItemCarmel-by-the-SeaNational avg.Difference
Optometrist $151.96$101.0450.4%
Doctor $141.39$107.4431.6%
Dentist $138.51$90.4253.2%
Ibuprofen $10.75$9.2815.8%
Lipitor $420.03$426.501.5%

Housing

ItemCarmel-by-the-SeaNational avg.Difference
Home Price $1,272,700.00$175,700.00624.4%
Avg. Mortgage Payment $6,195.07$1,133.23446.7%
Apartment Rent $1,597.00$920.0073.6%

Transportation

ItemCarmel-by-the-SeaNational avg.Difference
Gasoline $2.74$1.9937.6%
Tire Balancing $51.66$45.7612.9%

Utilities

ItemCarmel-by-the-SeaNational avg.Difference
All Electricity$204.04$163.8124.6%
Phone $24.95$28.3912.1%
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, CA1,27811818%
Castroville, CA6,22612828%
Marina, CA20,19814343%
Seaside, CA33,72914444%
Del Rey Oaks, CA1,72716565%
Carmel-by-the-Sea, CA3,807257157%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Kahaluu-Keauhou, HI3,80717070%
Plymouth, NH3,80711818%
Quitman, GA3,80881-19%
Bystrom, CA3,80595-5%
Southgate, KY3,80990-10%
Carmel-by-the-Sea, CA3,807257157%
Source: The Carmel-by-the-Sea, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.