Montecito 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.
Cost of living index213135100
Goods & Services index100107100
Groceries index106117100
Health care index102109100
Housing index464189100
Transportation index115125100
Utilities index119116100
A general summary of the cost of living index in Montecito, CA is shown above. Compared to the state average of California the cost of living index in Montecito, CA is 213, which is 57% higher than the average in California and compared to the national average it is 113% 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 Montecito, CA goods and services come in at 7% lower than the average in California and are equal to compared to the nationwide average.

Did you know?

  • The cost of living in Montecito is 57% higher than the California average.
  • The cost of living in Montecito is 113% higher than the national average.
  • The cost of housing in Montecito is 364% 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 Montecito, 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 is meant to help you compare your salary in Montecito, CA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Montecito, CA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Montecito, CA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Montecito, CA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Montecito, CA homeowners have a median income of $162,188. Using that number, you will come up with a maximum of $3,784 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $81,484, which means there is a maximum of $1,901 to be spent on the costs of renting a home or apartment.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax

California Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Montecito, 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

ItemMontecitoNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $46.67$34.6834.6%
Toothpaste $2.67$2.478.0%
Shampoo $1.09$1.026.7%
Movie $8.83$9.8710.5%
Bowling $4.50$4.392.5%


ItemMontecitoNational avg.Difference
Ground Beef $4.62$4.483.2%
Fried Chicken $1.39$1.465.1%
Milk $2.25$2.364.5%
Potatoes $3.49$3.0614.0%
Pizza $8.99$9.242.7%
Beer $8.65$8.630.2%

Health Care

ItemMontecitoNational avg.Difference
Optometrist $94.50$99.785.3%
Doctor $102.67$105.032.3%
Dentist $97.00$88.709.4%
Ibuprofen $11.98$9.4127.3%
Lipitor $258.91$298.5013.3%


ItemMontecitoNational avg.Difference
Home Price $3,245,300.00$175,700.001,747.1%
Avg. Mortgage Payment $1,207.72$1,081.0311.7%
Apartment Rent $2,001.00$920.00117.5%


ItemMontecitoNational avg.Difference
Gasoline $2.51$2.0920.0%
Tire Balancing $46.33$45.292.3%


ItemMontecitoNational avg.Difference
All Electricity$246.03$170.8044.0%
Phone $23.95$28.2615.2%
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.
Isla Vista, CA24,79213131%
Carpinteria, CA13,32315656%
Goleta, CA30,33316363%
Santa Barbara, CA89,66918989%
Toro Canyon, CA1,476205105%
Montecito, CA9,444213113%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Norwalk, IA9,44490-10%
Rockingham, NC9,44487-13%
Buda, TX9,4431022%
Bethalto, IL9,44393-7%
Willoughby Hills, OH9,4461099%
Montecito, CA9,444213113%
Source: The Montecito, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.