Madera 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.
IndexMaderaCaliforniaNational
Cost of living index104137100
IndexMaderaCaliforniaNational
Goods & Services index104109100
Groceries index103118100
Health care index108111100
Housing index88189100
Transportation index130130100
Utilities index127112100
Displayed above is a general overview of the Madera, CA cost of living index. The overall cost of living index in Madera, CA is 104, which is 24% lower than the California average and 4% 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 Madera, CA are 5% lower than the California average and 4% higher than the national average.

Did you know?

  • The cost of living in Madera is 24% lower than the California average.
  • The cost of living in Madera is 4% higher than the national average.
  • The cost of housing in Madera is 12% 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 Madera

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Madera

Compare Madera, 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 Madera, 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 Madera, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Madera, 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$56,086$4,674$1,309$1,683
Renters$29,947$2,496$699$898
The affordability of the housing market in Madera, 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 Madera, CA homeowners, the median income is $56,086. This indicates that a monthly maximum of $1,309 should be spent by homeowners on all housing related costs. Renters have a median income of $29,947. This indicates that renters should have a maximum of $699 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 considering the overall cost of living expenses in Madera, CA, it's important to take into account the sales tax for California, as well as the rate for income tax in California. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for California is 10%, and the sales tax in the state of California is 7.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in California starts from 1% and goes up to 12.3%.

Goods & Services

ItemMaderaNational avg.Difference
Haircut $15.44$15.560.8%
Beauty Salon $40.33$36.1111.7%
Toothpaste $2.34$2.475.5%
Shampoo $1.14$0.9618.5%
Movie $9.44$10.136.7%
Bowling $5.67$4.7419.7%

Groceries

ItemMaderaNational avg.Difference
Ground Beef $4.26$3.986.9%
Fried Chicken $1.18$1.4115.9%
Milk $2.40$2.0616.1%
Potatoes $2.93$2.981.6%
Pizza $11.17$9.4717.9%
Beer $8.87$8.790.8%

Health Care

ItemMaderaNational avg.Difference
Optometrist $122.92$101.0421.6%
Doctor $102.44$107.444.7%
Dentist $104.17$90.4215.2%
Ibuprofen $10.77$9.2816.1%
Lipitor $424.73$426.500.4%

Housing

ItemMaderaNational avg.Difference
Home Price $147,400.00$175,700.0016.1%
Avg. Mortgage Payment $1,289.65$1,133.2313.8%
Apartment Rent $904.00$920.001.7%

Transportation

ItemMaderaNational avg.Difference
Gasoline $2.61$1.9930.7%
Tire Balancing $58.12$45.7627.0%

Utilities

ItemMaderaNational avg.Difference
All Electricity$237.89$163.8145.2%
Phone $29.67$28.394.5%
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, StatePopulationCost of Living IndexNational Avg.
La Vina, CA43693-7%
Biola, CA1,01793-7%
Parkwood, CA2,87998-2%
Parksdale, CA3,11499-1%
Chowchilla, CA18,4111033%
Madera, CA62,5591044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Tamarac, FL62,47896-4%
Marysville, WA62,47211414%
Conway, AR62,45588-12%
Hamilton, OH62,36687-13%
Castro Valley, CA62,36316161%
Madera, CA62,5591044%
Source: The Madera, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.