Thousand Palms 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.
IndexThousand PalmsCaliforniaNational
Cost of living index105135100
IndexThousand PalmsCaliforniaNational
Goods & Services index104107100
Groceries index109117100
Health care index104109100
Housing index95189100
Transportation index127125100
Utilities index113116100
Displayed above is a general overview of the Thousand Palms, CA cost of living index. The overall cost of living index in Thousand Palms, CA is 105, which is 22% lower than the California average and 5% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Thousand Palms, CA are 3% lower than the California average and 4% higher than the national average.

Did you know?

  • The cost of living in Thousand Palms is 22% lower than the California average.
  • The cost of living in Thousand Palms is 5% higher than the national average.
  • The cost of housing in Thousand Palms is 5% 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 Thousand Palms, CA Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Thousand Palms, 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 Thousand Palms, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Thousand Palms, 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$43,838$3,653$1,023$1,315
Renters$43,781$3,648$1,021$1,314
The affordability of the housing market in Thousand Palms, CA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Thousand Palms, CA homeowners, the median income is $43,838. This indicates that a monthly maximum of $1,023 should be spent by homeowners on all housing related costs. Renters have a median income of $43,781. This indicates that renters should have a maximum of $1,021 used for their rent related monthly costs.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.5%10%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%12.3%
The California sales tax and California income tax rates should definitely be considered when determining the overall cost of living in Thousand Palms, CA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The California sales tax is 7.5% and the maximum surtax is 10%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The California income tax rates range from 1% to 12.3%.

Goods & Services

ItemThousand PalmsNational avg.Difference
Haircut $18.89$14.5929.4%
Beauty Salon $60.96$34.6875.8%
Toothpaste $2.59$2.474.7%
Shampoo $1.09$1.026.7%
Movie $12.50$9.8726.7%
Bowling $5.79$4.3931.8%

Groceries

ItemThousand PalmsNational avg.Difference
Ground Beef $4.49$4.480.3%
Fried Chicken $1.74$1.4618.8%
Milk $2.69$2.3614.1%
Potatoes $3.32$3.068.4%
Pizza $9.00$9.242.6%
Beer $9.35$8.638.3%

Health Care

ItemThousand PalmsNational avg.Difference
Optometrist $104.42$99.784.7%
Doctor $95.57$105.039.0%
Dentist $102.40$88.7015.4%
Ibuprofen $11.60$9.4123.2%
Lipitor $281.41$298.505.7%

Housing

ItemThousand PalmsNational avg.Difference
Home Price $138,300.00$175,700.0021.3%
Avg. Mortgage Payment $2,759.31$1,081.03155.2%
Apartment Rent $1,237.00$920.0034.5%

Transportation

ItemThousand PalmsNational avg.Difference
Gasoline $2.61$2.0924.8%
Tire Balancing $60.00$45.2932.5%

Utilities

ItemThousand PalmsNational avg.Difference
All Electricity$186.13$170.809.0%
Phone $33.30$28.2617.8%
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, StatePopulationCost of Living IndexNational Avg.
Desert Edge, CA4,24484-16%
Thermal, CA3,57088-12%
Sky Valley, CA2,49394-6%
Garnet, CA6,38087-13%
Desert Hot Springs, CA27,6781000%
Thousand Palms, CA7,9561055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Broadview, IL7,9561011%
Fort Scott, KS7,95780-20%
Green, OR7,9541055%
Ruidoso, NM7,95493-7%
Carnegie, PA7,96091-9%
Thousand Palms, CA7,9561055%
Source: The Thousand Palms, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.