Lake Los Angeles 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.
IndexLake Los AngelesCaliforniaNational
Cost of living index98135100
IndexLake Los AngelesCaliforniaNational
Goods & Services index105107100
Groceries index106117100
Health care index109109100
Housing index73189100
Transportation index120125100
Utilities index112116100
An overview of the general cost of living index for Lake Los Angeles, CA is displayed above for your reference. Residents in Lake Los Angeles, CA enjoy a cost of living index of 98. This index is 28% lower than the California average, and 2% lower 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 Lake Los Angeles, CA, the average cost of goods and services is 1% lower than it is in California, and it is 5% higher than the national average.

Did you know?

  • The cost of living in Lake Los Angeles is 28% lower than the California average.
  • The cost of living in Lake Los Angeles is 2% lower than the national average.
  • The cost of housing in Lake Los Angeles is 27% lower 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.

Find Real Estate Listings In Lake Los Angeles

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Lake Los Angeles

Compare Lake Los Angeles, 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
The salary calculator is used in order to provide a comparison of your current salary in Lake Los Angeles, CA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Lake Los Angeles, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Lake Los Angeles, CA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$45,125$3,760$1,053$1,354
Renters$30,644$2,554$715$919
The affordability of the housing market in Lake Los Angeles, CA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Lake Los Angeles, CA homeowners, the median income is $45,125. This indicates that a monthly maximum of $1,053 should be spent by homeowners on all housing related costs. Renters have a median income of $30,644. This indicates that renters should have a maximum of $715 used for their rent related monthly 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 Lake Los Angeles, 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

ItemLake Los AngelesNational 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

ItemLake Los AngelesNational 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

ItemLake Los AngelesNational 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

ItemLake Los AngelesNational avg.Difference
Home Price $91,900.00$175,700.0047.7%
Avg. Mortgage Payment $2,080.63$1,081.0392.5%
Apartment Rent $1,115.00$920.0021.2%

Transportation

ItemLake Los AngelesNational avg.Difference
Gasoline $2.63$2.0925.7%
Tire Balancing $46.96$45.293.7%

Utilities

ItemLake Los AngelesNational 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.
Phelan, CA12,9471011%
Littlerock, CA2,0401033%
Piñon Hills, CA6,6541033%
Sun Village, CA11,6131077%
Lake Los Angeles, CA11,94898-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Oak Hills, OR11,94613030%
Clawson, MI11,94390-10%
Lahaina, HI11,94117878%
Mount Washington, KY11,95695-5%
Mays Chapel, MD11,95712727%
Lake Los Angeles, CA11,94898-2%
Source: The Lake Los Angeles, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.