Cost Of Living In North El Monte, CA

North El Monte 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.
Index	North El Monte	California	National
Cost of living index	148	137	100
Index	North El Monte	California	National
Goods & Services index	107	109	100
Groceries index	112	118	100
Health care index	110	111	100
Housing index	233	189	100
Transportation index	134	130	100
Utilities index	107	112	100

A general overview of the cost of living index for North El Monte, CA is displayed above. In North El Monte, CA, the overall cost of living index is 148, which is 8% higher than the California average and 48% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of North El Monte, CA, the city's goods and services are 2% lower than the California average and 7% higher than the U.S. average.

Did you know?

The cost of living in North El Monte is 8% higher than the California average.
The cost of living in North El Monte is 48% higher than the national average.
The cost of housing in North El Monte is 133% 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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Salary Calculator

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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 used in order to provide a comparison of your current salary in North El Monte, CA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to North El Monte, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the North El Monte, CA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$85,096	$7,091	$1,985	$2,553
Renters	$51,282	$4,274	$1,197	$1,539

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in North El Monte, CA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. North El Monte, CA has a median income of about $85,096 for people who own homes. Based on that number, a person should spend a maximum of $1,985 on expenses related to housing. Renters have a slightly different median income, which is $51,282. Based on this average, renters should spend no more than $1,197 on all of their rental costs if they want to maintain a non-impoverished standard of living.

California Sales Tax

State	General Sales Tax	With Max Surtax
California	7.5%	10%

California Income Tax

State	Income Tax (Low)	Income Tax (High)
California	1%	12.3%

When you are determining the total cost of living in North El Monte, CA you will want to make sure you consider both the California sales tax and the California income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in California is 7.5%, with the highest surtax being 10%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in California have a range from 1% to 12.3%.

Goods & Services

Item	North El Monte	National avg.	Difference
Haircut	$18.79	$15.56	20.7%
Beauty Salon	$59.40	$36.11	64.5%
Toothpaste	$2.83	$2.47	14.3%
Shampoo	$1.20	$0.96	24.4%
Movie	$14.81	$10.13	46.2%
Bowling	$6.45	$4.74	36.2%

Groceries

Item	North El Monte	National avg.	Difference
Ground Beef	$4.60	$3.98	15.5%
Fried Chicken	$1.24	$1.41	11.6%
Milk	$2.03	$2.06	1.5%
Potatoes	$2.66	$2.98	10.9%
Pizza	$10.99	$9.47	16.0%
Beer	$10.22	$8.79	16.2%

Health Care

Item	North El Monte	National avg.	Difference
Optometrist	$120.40	$101.04	19.2%
Doctor	$104.83	$107.44	2.4%
Dentist	$106.00	$90.42	17.2%
Ibuprofen	$11.88	$9.28	28.0%
Lipitor	$429.87	$426.50	0.8%

Housing

Item	North El Monte	National avg.	Difference
Home Price	$463,200.00	$175,700.00	163.6%
Avg. Mortgage Payment	$2,409.78	$1,133.23	112.6%
Apartment Rent	$1,474.00	$920.00	60.2%

Transportation

Item	North El Monte	National avg.	Difference
Gasoline	$2.97	$1.99	49.0%
Tire Balancing	$45.40	$45.76	0.8%

Utilities

Item	North El Monte	National avg.	Difference
All Electricity	$179.98	$163.81	9.9%
Phone	$29.19	$28.39	2.8%

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, State	Population	Cost of Living Index	National Avg.
Vernon, CA	59	105	5%
Willowbrook, CA	20,897	116	16%
Florence-Graham, CA	62,815	116	16%
Cudahy, CA	24,073	116	16%
Compton, CA	97,663	117	17%
North El Monte, CA	3,924	148	48%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Irwin, PA	3,924	91	-9%
Mogadore, OH	3,925	89	-11%
Bloomfield Hills, MI	3,925	175	75%
Akron, PA	3,923	98	-2%
Rocky Ford, CO	3,925	78	-22%
North El Monte, CA	3,924	148	48%

Source: The North El Monte, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

North El Monte, CA Cost of Living