Lakeland Village 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.
IndexLakeland VillageCaliforniaNational
Cost of living index107135100
IndexLakeland VillageCaliforniaNational
Goods & Services index104107100
Groceries index109117100
Health care index104109100
Housing index103189100
Transportation index127125100
Utilities index113116100
Displayed above is a general overview of the Lakeland Village, CA cost of living index. The overall cost of living index in Lakeland Village, CA is 107, which is 21% lower than the California average and 7% 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 Lakeland Village, CA are 3% lower than the California average and 4% higher than the national average.

Did you know?

  • The cost of living in Lakeland Village is 21% lower than the California average.
  • The cost of living in Lakeland Village is 7% higher than the national average.
  • The cost of housing in Lakeland Village is 3% 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 Lakeland Village, CA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Using the salary calculator lets you compare the salary you earn in Lakeland Village, 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 Lakeland Village, CA, you have to earn a higher income in order to still have the same standard of living. To operate the Lakeland Village, 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$50,738$4,228$1,184$1,522
Renters$33,330$2,778$778$1,000
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lakeland Village, 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 Lakeland Village, CA homeowners, is $50,738. This would allow for a maximum of $1,184 per month to be spent on housing costs. For renters, the median monthly income is $33,330 which would result in a maximum of $778 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 Lakeland Village, 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

ItemLakeland VillageNational 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%

Groceries

ItemLakeland VillageNational 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

ItemLakeland VillageNational 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%

Housing

ItemLakeland VillageNational avg.Difference
Home Price $164,400.00$175,700.006.4%
Avg. Mortgage Payment $2,759.31$1,081.03155.2%
Apartment Rent $1,156.00$920.0025.7%

Transportation

ItemLakeland VillageNational avg.Difference
Gasoline $2.61$2.0924.8%
Tire Balancing $60.00$45.2932.5%

Utilities

ItemLakeland VillageNational 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.
Homeland, CA5,92196-4%
Meadowbrook, CA3,4471055%
Good Hope, CA8,9111033%
Lakeview, CA1,7231099%
Mead Valley, CA19,8511077%
Lakeland Village, CA11,3431077%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Kaneohe Station, HI11,34216767%
East Milton, FL11,33790-10%
Waupun, WI11,33693-7%
North Lindenhurst, NY11,33414040%
Verona, WI11,35311111%
Lakeland Village, CA11,3431077%
Source: The Lakeland Village, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.