Golden Hills, CA Cost Of Living

Golden Hills 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.
Index	Golden Hills	California	National
Cost of living index	111	138	100
Index	Golden Hills	California	National
Goods & Services index	103	110	100
Groceries index	111	115	100
Health care index	106	109	100
Housing index	110	196	100
Transportation index	117	125	100
Utilities index	136	114	100

A general summary of the cost of living index in Golden Hills, CA is shown above. Compared to the state average of California the cost of living index in Golden Hills, CA is 111, which is 20% lower than the average in California and compared to the national average it is 11% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Golden Hills, CA goods and services come in at 6% lower than the average in California and are 3% higher than compared to the nationwide average.

Did you know?

The cost of living in Golden Hills is 20% lower than the California average.
The cost of living in Golden Hills is 11% higher than the national average.
The cost of housing in Golden Hills is 10% higher than the national average.
California general sales tax is 42% higher than the national average.
California state income tax is 55% lower than the national average.

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Price difference in compared to

Cost of living index
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 Golden Hills, 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 Golden Hills, CA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Golden Hills, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$75,611	$6,301	$1,764	$2,269
Renters	$32,181	$2,682	$751	$966

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 Golden Hills, 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. Golden Hills, CA has a median income of about $75,611 for people who own homes. Based on that number, a person should spend a maximum of $1,764 on expenses related to housing. Renters have a slightly different median income, which is $32,181. Based on this average, renters should spend no more than $751 on all of their rental costs if they want to maintain a non-impoverished standard of living.

California Sales Tax

State	General Sales Tax	With Max Surtax
California	7.25%	10.25%

California Income Tax

State	Income Tax (Low)	Income Tax (High)
California	1%	13.3%

When you are determining the total cost of living in Golden Hills, CA you will want to make sure you consider both the California sales tax and the California income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in California is 7.25%, with the highest surtax being 10.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in California have a range from 1% to 13.3%.

Goods & Services

Item	Golden Hills	National avg.	Difference
Haircut	$16.23	$16.09	0.9%
Beauty Salon	$57.60	$37.33	54.3%
Toothpaste	$3.06	$2.45	25.1%
Shampoo	$1.17	$1.00	17.4%
Movie	$9.89	$10.28	3.8%
Bowling	$6.41	$4.93	30.0%

Groceries

Item	Golden Hills	National avg.	Difference
Ground Beef	$4.23	$3.80	11.2%
Fried Chicken	$1.31	$1.40	6.3%
Milk	$2.25	$2.01	12.0%
Potatoes	$3.68	$3.01	22.1%
Pizza	$8.48	$9.89	14.2%
Beer	$8.70	$8.90	2.2%

Health Care

Item	Golden Hills	National avg.	Difference
Optometrist	$77.73	$102.16	23.9%
Doctor	$121.87	$108.36	12.5%
Dentist	$94.21	$92.53	1.8%
Ibuprofen	$12.09	$9.28	30.3%
Lipitor	$424.78	$425.82	0.2%

Housing

Item	Golden Hills	National avg.	Difference
Home Price	$211,900.00	$184,700.00	14.7%
Avg. Mortgage Payment	$1,131.97	$1,202.44	5.9%
Apartment Rent	$924.00	$949.00	2.6%

Transportation

Item	Golden Hills	National avg.	Difference
Gasoline	$2.82	$2.24	25.5%
Tire Balancing	$46.79	$46.29	1.1%

Utilities

Item	Golden Hills	National avg.	Difference
All Electricity	$285.86	$165.96	72.2%
Phone	$26.82	$28.68	6.5%

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, State	Population	Cost of Living Index	National Avg.
Tehachapi, CA	13,179	106	6%
Keene, CA	377	110	10%
Stallion Springs, CA	2,902	117	17%
Bear Valley Springs, CA	5,152	117	17%
Golden Hills, CA	8,951	111	11%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Villas, NJ	8,953	103	3%
Hickam Housing, HI	8,954	190	90%
Stansbury Park, UT	8,948	108	8%
Monett, MO	8,954	84	-16%
Plymouth, MI	8,956	104	4%
Golden Hills, CA	8,951	111	11%

Source: The Golden Hills, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Golden Hills, CA Cost of Living