Wasco 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.
IndexWascoCaliforniaNational
Cost of living index95135100
IndexWascoCaliforniaNational
Goods & Services index100107100
Groceries index106117100
Health care index102109100
Housing index70189100
Transportation index115125100
Utilities index119116100
Here we can see a simple outline of the cost of living in Wasco, CA. As you can see, with the average cost of living in Wasco, CA being 95, that puts it 30% lower than the average of California and 5% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Wasco, CA, the price of goods and services are 7% lower than the average of California as well as equal to the nation's average.

Did you know?

  • The cost of living in Wasco is 30% lower than the California average.
  • The cost of living in Wasco is 5% lower than the national average.
  • The cost of housing in Wasco is 30% 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.

Find Real Estate Listings In Wasco

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Wasco

Compare Wasco, 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
Use the salary calculator to compare your current income in Wasco, 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 Wasco, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Wasco, 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)
Owners$51,362$4,280$1,198$1,541
Renters$24,754$2,063$578$743
The affordability of the housing market in Wasco, 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 Wasco, CA homeowners, the median income is $51,362. This indicates that a monthly maximum of $1,198 should be spent by homeowners on all housing related costs. Renters have a median income of $24,754. This indicates that renters should have a maximum of $578 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%
When you are determining the total cost of living in Wasco, 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

ItemWascoNational 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

ItemWascoNational 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

ItemWascoNational 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

ItemWascoNational avg.Difference
Home Price $120,900.00$175,700.0031.2%
Avg. Mortgage Payment $1,207.72$1,081.0311.7%
Apartment Rent $678.00$920.0026.3%

Transportation

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

Utilities

ItemWascoNational 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.
Rodriguez Camp, CA19294-6%
Cherokee Strip, CA29590-10%
Mexican Colony, CA21691-9%
Smith Corner, CA66193-7%
Richgrove, CA3,00694-6%
Wasco, CA25,86595-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lochearn, MD25,8881033%
Greenville, TX25,89293-7%
Wakefield, MA25,83514848%
Parkland, FL25,89514747%
Green, OH25,83598-2%
Wasco, CA25,86595-5%
Source: The Wasco, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.