Palermo 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 index118135100
Goods & Services index115107100
Groceries index133117100
Health care index120109100
Housing index98189100
Transportation index154125100
Utilities index136116100
An overview of the general cost of living index for Palermo, CA is displayed above for your reference. Residents in Palermo, CA enjoy a cost of living index of 118. This index is 13% lower than the California average, and 18% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Palermo, CA, the average cost of goods and services is 7% higher than it is in California, and it is 15% higher than the national average.

Did you know?

  • The cost of living in Palermo is 13% lower than the California average.
  • The cost of living in Palermo is 18% higher than the national average.
  • The cost of housing in Palermo is 2% 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.

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Compare Palermo, CA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Goods & Services index
Groceries index
Health care index
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Use the salary calculator to compare your current income in Palermo, 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 Palermo, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Palermo, 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)
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 Palermo, 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. Palermo, CA has a median income of about $50,132 for people who own homes. Based on that number, a person should spend a maximum of $1,170 on expenses related to housing. Renters have a slightly different median income, which is $24,358. Based on this average, renters should spend no more than $568 on all of their rental costs if they want to maintain a non-impoverished standard of living.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax

California Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Palermo, CA and want to know what the true cost of living is, they ought to look at both the California income tax rate and the California sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In California, the sales tax is 7.5%, while the most you'll pay in surtax is 10%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in California, the income tax rate ranges between 1% to 12.3%.

Goods & Services

ItemPalermoNational avg.Difference
Haircut $16.00$14.599.6%
Beauty Salon $50.00$34.6844.2%
Toothpaste $3.79$2.4753.2%
Shampoo $1.32$1.0229.2%
Movie $11.00$9.8711.5%
Bowling $2.88$4.3934.4%


ItemPalermoNational avg.Difference
Ground Beef $5.12$4.4814.4%
Fried Chicken $1.84$1.4625.7%
Milk $2.77$2.3617.5%
Potatoes $3.87$3.0626.4%
Pizza $15.99$9.2473.0%
Beer $9.24$8.637.0%

Health Care

ItemPalermoNational avg.Difference
Optometrist $120.00$99.7820.3%
Doctor $111.81$105.036.5%
Dentist $121.33$88.7036.8%
Ibuprofen $11.87$9.4126.1%
Lipitor $320.00$298.507.2%


ItemPalermoNational avg.Difference
Home Price $158,900.00$175,700.009.6%
Avg. Mortgage Payment $2,907.43$1,081.03169.0%
Apartment Rent $1,049.00$920.0014.0%


ItemPalermoNational avg.Difference
Gasoline $3.60$2.0972.1%
Tire Balancing $46.00$45.291.6%


ItemPalermoNational avg.Difference
All Electricity$252.17$170.8047.6%
Phone $33.50$28.2618.6%
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.
Robinson Mill, CA012727%
South Oroville, CA6,05811111%
Thermalito, CA6,91111212%
Biggs, CA2,01011212%
Forbestown, CA45011313%
Palermo, CA5,41911818%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fort Myers Shores, FL5,42090-10%
Mount Hood Village, OR5,41711818%
Goshen, NY5,41712828%
Gretna, NE5,41695-5%
Brewton, AL5,42686-14%
Palermo, CA5,41911818%
Source: The Palermo, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.