Carmichael 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.
IndexCarmichaelCaliforniaNational
Cost of living index122135100
IndexCarmichaelCaliforniaNational
Goods & Services index106107100
Groceries index124117100
Health care index102109100
Housing index143189100
Transportation index120125100
Utilities index116116100
A general overview of the cost of living index for Carmichael, CA is displayed above. In Carmichael, CA, the overall cost of living index is 122, which is 10% lower than the California average and 22% 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 Carmichael, CA, the city's goods and services are 1% lower than the California average and 6% higher than the U.S. average.

Did you know?

  • The cost of living in Carmichael is 10% lower than the California average.
  • The cost of living in Carmichael is 22% higher than the national average.
  • The cost of housing in Carmichael is 43% 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 Carmichael, CA Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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Transportation index
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Use the salary calculator to compare your current salary in Carmichael, 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 Carmichael, CA, then you would need to earn more income in order to maintain the same standard of living. To use the Carmichael, 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$83,241$6,937$1,942$2,497
Renters$33,775$2,815$788$1,013
If you want to find a good determining factor for the cost of living and the general affordability of housing in Carmichael, CA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Carmichael, CA, the median monthly income is $83,241 for those who own their own homes. Under the standard rule, that income level would allow for $1,942 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $33,775, per the median income in the area. That would allow for renters to spend up to $788 on monthly rental expenses.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
When considering the overall cost of living expenses in Carmichael, CA, it's important to take into account the sales tax for California, as well as the rate for income tax in California. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for California is 10%, and the sales tax in the state of California is 7.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in California starts from 1% and goes up to 12.3%.

Goods & Services

ItemCarmichaelNational avg.Difference
Haircut $15.00$14.592.8%
Beauty Salon $38.60$34.6811.3%
Toothpaste $3.23$2.4730.6%
Shampoo $1.33$1.0230.1%
Movie $10.50$9.876.4%
Bowling $4.13$4.396.0%

Groceries

ItemCarmichaelNational avg.Difference
Ground Beef $4.71$4.485.2%
Fried Chicken $1.67$1.4614.1%
Milk $2.88$2.3622.2%
Potatoes $3.59$3.0617.3%
Pizza $13.29$9.2443.8%
Beer $8.99$8.634.1%

Health Care

ItemCarmichaelNational avg.Difference
Optometrist $126.33$99.7826.6%
Doctor $101.25$105.033.6%
Dentist $85.71$88.703.4%
Ibuprofen $11.39$9.4121.0%
Lipitor $310.31$298.504.0%

Housing

ItemCarmichaelNational avg.Difference
Home Price $282,400.00$175,700.0060.7%
Avg. Mortgage Payment $1,229.16$1,081.0313.7%
Apartment Rent $941.00$920.002.3%

Transportation

ItemCarmichaelNational avg.Difference
Gasoline $2.52$2.0920.5%
Tire Balancing $54.04$45.2919.3%

Utilities

ItemCarmichaelNational avg.Difference
All Electricity$231.09$170.8035.3%
Phone $24.95$28.2611.7%
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.
McClellan Park, CA1,1031000%
Fruitridge Pocket, CA5,8021011%
North Highlands, CA44,8991055%
Florin, CA50,7911066%
Parkway, CA14,7561066%
Carmichael, CA63,31412222%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Millcreek, UT63,31111111%
Montebello, CA63,35313333%
Kissimmee, FL63,39292-8%
West Hartford, CT63,39613333%
Rockville, MD63,40214444%
Carmichael, CA63,31412222%
Source: The Carmichael, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.