Lake Mathews 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 MathewsCaliforniaNational
Cost of living index128135100
IndexLake MathewsCaliforniaNational
Goods & Services index104107100
Groceries index109117100
Health care index104109100
Housing index173189100
Transportation index127125100
Utilities index113116100
A general overview of the cost of living index for Lake Mathews, CA is displayed above. In Lake Mathews, CA, the overall cost of living index is 128, which is 5% lower than the California average and 28% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Lake Mathews, CA, the city's goods and services are 3% lower than the California average and 4% higher than the U.S. average.

Did you know?

  • The cost of living in Lake Mathews is 5% lower than the California average.
  • The cost of living in Lake Mathews is 28% higher than the national average.
  • The cost of housing in Lake Mathews is 73% 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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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 Mathews, 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 Mathews, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Lake Mathews, 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)
One can approximate the cost of living and the housing affordability in Lake Mathews, CA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Lake Mathews, CA have a median income of $79,464. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,854 per month to avoid calamity and poverty. The renters in the city have an income of about $44,464, which would make their monthly maximum allowable rental costs $1,037.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax

California Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Lake Mathews, 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 MathewsNational 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%


ItemLake MathewsNational 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

ItemLake MathewsNational 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%


ItemLake MathewsNational avg.Difference
Home Price $341,000.00$175,700.0094.1%
Avg. Mortgage Payment $2,759.31$1,081.03155.2%
Apartment Rent $1,133.00$920.0023.2%


ItemLake MathewsNational avg.Difference
Gasoline $2.61$2.0924.8%
Tire Balancing $60.00$45.2932.5%


ItemLake MathewsNational 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.
Meadowbrook, CA3,4471055%
Good Hope, CA8,9111033%
Colton, CA53,1291055%
Mead Valley, CA19,8511077%
Lakeland Village, CA11,3431077%
Lake Mathews, CA5,51812828%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Naval Academy, MD5,51713434%
Wailua Homesteads, HI5,52119090%
Brady, TX5,51581-19%
Lake Mohegan, NY5,51413838%
Alma, AR5,51488-12%
Lake Mathews, CA5,51812828%
Source: The Lake Mathews, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.