Midway City 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.
IndexMidway CityCaliforniaNational
Cost of living index136137100
IndexMidway CityCaliforniaNational
Goods & Services index107109100
Groceries index113118100
Health care index107111100
Housing index194189100
Transportation index138130100
Utilities index103112100
Displayed above is a general overview of the Midway City, CA cost of living index. The overall cost of living index in Midway City, CA is 136, which is equal to the California average and 36% 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 Midway City, CA are 2% lower than the California average and 7% higher than the national average.

Did you know?

  • The cost of living in Midway City is equal to the California average.
  • The cost of living in Midway City is 36% higher than the national average.
  • The cost of housing in Midway City is 94% 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 Midway City

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Midway City

Compare Midway City, 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 allows you to compare how much your current salary in Midway City, CA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Midway City, CA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Midway City, CA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$65,063$5,422$1,518$1,952
Renters$34,181$2,848$798$1,026
If you want to find a good determining factor for the cost of living and the general affordability of housing in Midway City, CA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Midway City, CA, the median monthly income is $65,063 for those who own their own homes. Under the standard rule, that income level would allow for $1,518 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $34,181, per the median income in the area. That would allow for renters to spend up to $798 on monthly rental expenses.

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 Midway City, 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

ItemMidway CityNational avg.Difference
Haircut $18.80$15.5620.8%
Beauty Salon $61.40$36.1170.1%
Toothpaste $2.67$2.478.0%
Shampoo $1.20$0.9624.4%
Movie $13.02$10.1328.5%
Bowling $6.27$4.7432.4%

Groceries

ItemMidway CityNational avg.Difference
Ground Beef $4.66$3.9816.9%
Fried Chicken $1.35$1.414.3%
Milk $1.98$2.064.1%
Potatoes $2.54$2.9814.7%
Pizza $10.99$9.4716.0%
Beer $10.36$8.7917.8%

Health Care

ItemMidway CityNational avg.Difference
Optometrist $101.11$101.040.1%
Doctor $96.33$107.4410.3%
Dentist $106.10$90.4217.3%
Ibuprofen $11.77$9.2826.8%
Lipitor $433.14$426.501.6%

Housing

ItemMidway CityNational avg.Difference
Home Price $378,900.00$175,700.00115.7%
Avg. Mortgage Payment $3,096.05$1,133.23173.2%
Apartment Rent $1,321.00$920.0043.6%

Transportation

ItemMidway CityNational avg.Difference
Gasoline $3.05$1.9953.1%
Tire Balancing $47.53$45.763.9%

Utilities

ItemMidway CityNational avg.Difference
All Electricity$170.50$163.814.1%
Phone $29.19$28.392.8%
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.
Willowbrook, CA20,89711616%
Laguna Woods, CA16,30211616%
Compton, CA97,66311717%
East Rancho Dominguez, CA15,34311818%
Hawaiian Gardens, CA14,43211919%
Midway City, CA9,10413636%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Anna, TX9,10890-10%
Tiburon, CA9,100386286%
Hernando, FL9,10989-11%
Georgetown, SC9,11096-4%
Holualoa, HI9,09816666%
Midway City, CA9,10413636%
Source: The Midway City, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.