Templeton 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.
IndexTempletonCaliforniaNational
Cost of living index131135100
IndexTempletonCaliforniaNational
Goods & Services index100107100
Groceries index106117100
Health care index102109100
Housing index190189100
Transportation index115125100
Utilities index119116100
The above illustration supplies generalized information for the Templeton, CA cost of living index. Compared to other cities in California and cities across the country, the cost of living index in Templeton, CA is 131, which is 3% lower than the California average and 31% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Templeton, CA are 7% lower than the average for California and equal to the rest of the country.

Did you know?

  • The cost of living in Templeton is 3% lower than the California average.
  • The cost of living in Templeton is 31% higher than the national average.
  • The cost of housing in Templeton is 90% 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 Templeton, 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 used in order to provide a comparison of your current salary in Templeton, 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 Templeton, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Templeton, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$79,571$6,631$1,857$2,387
Renters$42,388$3,532$989$1,272
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Templeton, CA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Templeton, CA homeowners, is $79,571. This would allow for a maximum of $1,857 per month to be spent on housing costs. For renters, the median monthly income is $42,388 which would result in a maximum of $989 to be spent on rental costs.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
For those who live in Templeton, 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

ItemTempletonNational 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%

Groceries

ItemTempletonNational 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

ItemTempletonNational 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%

Housing

ItemTempletonNational avg.Difference
Home Price $387,600.00$175,700.00120.6%
Avg. Mortgage Payment $1,207.72$1,081.0311.7%
Apartment Rent $1,096.00$920.0019.1%

Transportation

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

Utilities

ItemTempletonNational 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.
Creston, CA611066%
Santa Margarita, CA1,23112626%
Lake Nacimiento, CA2,49712727%
El Paso de Robles (Paso Robles), CA30,52212727%
Atascadero, CA28,79213131%
Templeton, CA7,75313131%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fairfield Glade, TN7,75497-3%
Herkimer, NY7,75293-7%
Hyrum, UT7,75195-5%
Mahopac, NY7,75514242%
Old Town, ME7,7561011%
Templeton, CA7,75313131%
Source: The Templeton, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.