Cost Of Living In Soledad, CA

Soledad 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	Soledad	California	National
Cost of living index	124	137	100
Index	Soledad	California	National
Goods & Services index	125	109	100
Groceries index	143	118	100
Health care index	133	111	100
Housing index	116	189	100
Transportation index	130	130	100
Utilities index	109	112	100

An overview of the general cost of living index for Soledad, CA is displayed above for your reference. Residents in Soledad, CA enjoy a cost of living index of 124. This index is 9% lower than the California average, and 24% 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 Soledad, CA, the average cost of goods and services is 14% higher than it is in California, and it is 25% higher than the national average.

Did you know?

The cost of living in Soledad is 9% lower than the California average.
The cost of living in Soledad is 24% higher than the national average.
The cost of housing in Soledad is 16% 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 Soledad, 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 Soledad, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Soledad, 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	$58,256	$4,855	$1,359	$1,748
Renters	$34,554	$2,880	$806	$1,037

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 Soledad, 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. Soledad, CA has a median income of about $58,256 for people who own homes. Based on that number, a person should spend a maximum of $1,359 on expenses related to housing. Renters have a slightly different median income, which is $34,554. Based on this average, renters should spend no more than $806 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 assessing the complete cost of living in Soledad, CA, the California income tax and the California sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The California maximum surtax is 10%, and the California sales tax is 7.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 12.3% in California.

Goods & Services

Item	Soledad	National avg.	Difference
Haircut	$17.55	$15.56	12.7%
Beauty Salon	$40.77	$36.11	12.9%
Toothpaste	$3.61	$2.47	45.8%
Shampoo	$1.23	$0.96	27.1%
Movie	$12.35	$10.13	21.9%
Bowling	$7.64	$4.74	61.3%

Groceries

Item	Soledad	National avg.	Difference
Ground Beef	$6.33	$3.98	58.8%
Fried Chicken	$2.69	$1.41	91.3%
Milk	$2.92	$2.06	41.3%
Potatoes	$4.70	$2.98	57.6%
Pizza	$13.06	$9.47	37.8%
Beer	$9.48	$8.79	7.8%

Health Care

Item	Soledad	National avg.	Difference
Optometrist	$151.96	$101.04	50.4%
Doctor	$141.39	$107.44	31.6%
Dentist	$138.51	$90.42	53.2%
Ibuprofen	$10.75	$9.28	15.8%
Lipitor	$420.03	$426.50	1.5%

Housing

Item	Soledad	National avg.	Difference
Home Price	$199,400.00	$175,700.00	13.5%
Avg. Mortgage Payment	$6,195.07	$1,133.23	446.7%
Apartment Rent	$1,126.00	$920.00	22.4%

Transportation

Item	Soledad	National avg.	Difference
Gasoline	$2.74	$1.99	37.6%
Tire Balancing	$51.66	$45.76	12.9%

Utilities

Item	Soledad	National avg.	Difference
All Electricity	$204.04	$163.81	24.6%
Phone	$24.95	$28.39	12.1%

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.
Greenfield, CA	3,974	111	11%
Chualar, CA	1,255	121	21%
Greenfield city, CA	16,715	121	21%
Gonzales, CA	8,336	125	25%
Soledad, CA	26,008	124	24%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Ladera Ranch, CA	26,010	176	76%
Gladstone, MO	26,032	91	-9%
Fitchburg, WI	26,050	113	13%
Lemon Grove, CA	25,963	124	24%
Shirley, NY	25,931	133	33%
Soledad, CA	26,008	124	24%

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

Soledad, CA Cost of Living