Fair Oaks 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.
IndexFair OaksCaliforniaNational
Cost of living index131135100
IndexFair OaksCaliforniaNational
Goods & Services index106107100
Groceries index124117100
Health care index102109100
Housing index174189100
Transportation index120125100
Utilities index116116100
Here we can see a simple outline of the cost of living in Fair Oaks, CA. As you can see, with the average cost of living in Fair Oaks, CA being 131, that puts it 3% lower than the average of California and 31% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Fair Oaks, CA, the price of goods and services are 1% lower than the average of California as well as 6% higher than the nation's average.

Did you know?

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

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Fair Oaks, 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 Fair Oaks, CA, you have to earn a higher income in order to still have the same standard of living. To operate the Fair Oaks, 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$96,271$8,023$2,246$2,888
Renters$37,650$3,138$878$1,130
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fair Oaks, 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 Fair Oaks, CA homeowners, is $96,271. This would allow for a maximum of $2,246 per month to be spent on housing costs. For renters, the median monthly income is $37,650 which would result in a maximum of $878 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%
When assessing the complete cost of living in Fair Oaks, 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

ItemFair OaksNational 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

ItemFair OaksNational 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

ItemFair OaksNational 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

ItemFair OaksNational avg.Difference
Home Price $350,000.00$175,700.0099.2%
Avg. Mortgage Payment $1,229.16$1,081.0313.7%
Apartment Rent $1,075.00$920.0016.8%

Transportation

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

Utilities

ItemFair OaksNational 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%
Fair Oaks, CA31,25613131%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
North Tonawanda, NY31,24584-16%
Andover, MN31,27111616%
West Little River, FL31,22695-5%
Alamogordo, NM31,22486-14%
Mason, OH31,2891033%
Fair Oaks, CA31,25613131%
Source: The Fair Oaks, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.