El Monte 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.
IndexEl MonteCaliforniaNational
Cost of living index128135100
IndexEl MonteCaliforniaNational
Goods & Services index105107100
Groceries index106117100
Health care index109109100
Housing index174189100
Transportation index120125100
Utilities index112116100
Displayed above is a general overview of the El Monte, CA cost of living index. The overall cost of living index in El Monte, CA is 128, which is 5% lower than the California average and 28% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in El Monte, CA are 1% lower than the California average and 5% higher than the national average.

Did you know?

  • The cost of living in El Monte is 5% lower than the California average.
  • The cost of living in El Monte is 28% higher than the national average.
  • The cost of housing in El Monte is 74% 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 El Monte, CA Cost of living To Other Cities

Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in El Monte, CA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of El Monte, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the El Monte, CA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$59,403$4,950$1,386$1,782
Renters$31,912$2,659$745$957
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in El Monte, CA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. El Monte, CA has a median income of about $59,403 for people who own homes. Based on that number, a person should spend a maximum of $1,386 on expenses related to housing. Renters have a slightly different median income, which is $31,912. Based on this average, renters should spend no more than $745 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 El Monte, 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

ItemEl MonteNational avg.Difference
Haircut $18.32$14.5925.5%
Beauty Salon $63.86$34.6884.1%
Toothpaste $2.90$2.4717.3%
Shampoo $1.11$1.028.6%
Movie $14.20$9.8743.9%
Bowling $6.63$4.3951.0%

Groceries

ItemEl MonteNational avg.Difference
Ground Beef $4.16$4.487.1%
Fried Chicken $1.74$1.4618.8%
Milk $2.62$2.3611.2%
Potatoes $2.99$3.062.3%
Pizza $8.00$9.2413.4%
Beer $9.38$8.638.7%

Health Care

ItemEl MonteNational avg.Difference
Optometrist $126.07$99.7826.3%
Doctor $97.27$105.037.4%
Dentist $110.00$88.7024.0%
Ibuprofen $12.16$9.4129.2%
Lipitor $280.93$298.505.9%

Housing

ItemEl MonteNational avg.Difference
Home Price $349,000.00$175,700.0098.6%
Avg. Mortgage Payment $2,080.63$1,081.0392.5%
Apartment Rent $1,081.00$920.0017.5%

Transportation

ItemEl MonteNational avg.Difference
Gasoline $2.63$2.0925.7%
Tire Balancing $46.96$45.293.7%

Utilities

ItemEl MonteNational avg.Difference
All Electricity$183.94$170.807.7%
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.
Vernon, CA591033%
Willowbrook, CA20,89711313%
Florence-Graham, CA62,81511414%
Cudahy, CA24,07311414%
Compton, CA97,66311515%
El Monte, CA115,24312828%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Norman, OK115,52188-12%
Provo, UT114,8041000%
Berkeley, CA115,68818282%
Peoria, IL115,71890-10%
Murfreesboro, TN114,66099-1%
El Monte, CA115,24312828%
Source: The El Monte, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.