Charter Oak 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.
IndexCharter OakCaliforniaNational
Cost of living index131135100
IndexCharter OakCaliforniaNational
Goods & Services index104107100
Groceries index109117100
Health care index104109100
Housing index182189100
Transportation index127125100
Utilities index113116100
An overview of the general cost of living index for Charter Oak, CA is displayed above for your reference. Residents in Charter Oak, CA enjoy a cost of living index of 131. This index is 3% lower than the California average, and 31% 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 Charter Oak, CA, the average cost of goods and services is 3% lower than it is in California, and it is 4% higher than the national average.

Did you know?

  • The cost of living in Charter Oak is 3% lower than the California average.
  • The cost of living in Charter Oak is 31% higher than the national average.
  • The cost of housing in Charter Oak is 82% 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 Charter Oak, CA Cost of living To Other Cities

Salary Calculator

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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Charter Oak, CA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Charter Oak, CA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Charter Oak, CA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Charter Oak, 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 Charter Oak, CA homeowners, is $71,063. This would allow for a maximum of $1,658 per month to be spent on housing costs. For renters, the median monthly income is $51,211 which would result in a maximum of $1,195 to be spent on rental costs.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax

California Income Tax

StateIncome Tax (Low)Income Tax (High)
The California sales tax and California income tax rates should definitely be considered when determining the overall cost of living in Charter Oak, CA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The California sales tax is 7.5% and the maximum surtax is 10%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The California income tax rates range from 1% to 12.3%.

Goods & Services

ItemCharter OakNational avg.Difference
Haircut $18.89$14.5929.4%
Beauty Salon $60.96$34.6875.8%
Toothpaste $2.59$2.474.7%
Shampoo $1.09$1.026.7%
Movie $12.50$9.8726.7%
Bowling $5.79$4.3931.8%


ItemCharter OakNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.74$1.4618.8%
Milk $2.69$2.3614.1%
Potatoes $3.32$3.068.4%
Pizza $9.00$9.242.6%
Beer $9.35$8.638.3%

Health Care

ItemCharter OakNational avg.Difference
Optometrist $104.42$99.784.7%
Doctor $95.57$105.039.0%
Dentist $102.40$88.7015.4%
Ibuprofen $11.60$9.4123.2%
Lipitor $281.41$298.505.7%


ItemCharter OakNational avg.Difference
Home Price $344,300.00$175,700.0096.0%
Avg. Mortgage Payment $2,759.31$1,081.03155.2%
Apartment Rent $1,383.00$920.0050.3%


ItemCharter OakNational avg.Difference
Gasoline $2.61$2.0924.8%
Tire Balancing $60.00$45.2932.5%


ItemCharter OakNational avg.Difference
All Electricity$186.13$170.809.0%
Phone $33.30$28.2617.8%
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.
Montclair, CA37,68511818%
Ontario, CA166,89211919%
Pomona, CA151,14211919%
South San Jose Hills, CA21,01212222%
La Puente, CA40,34212323%
Charter Oak, CA9,20013131%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Villas, NJ9,19911111%
Fuller Heights, FL9,19895-5%
Shawano, WI9,20288-12%
Rawlins, WY9,19890-10%
Scaggsville, MD9,20414444%
Charter Oak, CA9,20013131%
Source: The Charter Oak, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.