Lincoln 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.
IndexLincoln VillageCaliforniaNational
Cost of living index111135100
IndexLincoln VillageCaliforniaNational
Goods & Services index106107100
Groceries index124117100
Health care index102109100
Housing index108189100
Transportation index120125100
Utilities index116116100
A general summary of the cost of living index in Lincoln Village, CA is shown above. Compared to the state average of California the cost of living index in Lincoln Village, CA is 111, which is 18% 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 Lincoln Village, CA goods and services come in at 1% lower than the average in California and are 6% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Lincoln Village is 18% lower than the California average.
  • The cost of living in Lincoln Village is 11% higher than the national average.
  • The cost of housing in Lincoln Village is 8% 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.

Find Real Estate Listings In Lincoln Village

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Lincoln Village

Compare Lincoln Village, 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
Use the salary calculator to compare your current income in Lincoln Village, CA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Lincoln Village, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Lincoln Village, CA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$72,713$6,059$1,697$2,182
Renters$43,438$3,620$1,013$1,303
The affordability of the housing market in Lincoln Village, 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 Lincoln Village, CA homeowners, the median income is $72,713. This indicates that a monthly maximum of $1,697 should be spent by homeowners on all housing related costs. Renters have a median income of $43,438. This indicates that renters should have a maximum of $1,013 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%
The California sales tax and California income tax rates should definitely be considered when determining the overall cost of living in Lincoln Village, CA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The California sales tax is 7.5% and the maximum surtax is 10%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The California income tax rates range from 1% to 12.3%.

Goods & Services

ItemLincoln VillageNational 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

ItemLincoln VillageNational 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

ItemLincoln VillageNational 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

ItemLincoln VillageNational avg.Difference
Home Price $183,600.00$175,700.004.5%
Avg. Mortgage Payment $1,229.16$1,081.0313.7%
Apartment Rent $1,083.00$920.0017.7%

Transportation

ItemLincoln VillageNational avg.Difference
Gasoline $2.52$2.0920.5%
Tire Balancing $54.04$45.2919.3%

Utilities

ItemLincoln VillageNational 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.
Victor, CA60511212%
August, CA8,47995-5%
Kennedy, CA3,48798-2%
Garden Acres, CA11,17299-1%
Taft Mosswood, CA1,39899-1%
Lincoln Village, CA3,99611111%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gamewell, NC3,99688-12%
North Wildwood, NJ3,99513232%
Lebanon, IL3,99891-9%
Lolo, MT3,9941022%
Mirrormont, WA4,00115252%
Lincoln Village, CA3,99611111%
Source: The Lincoln 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.