Waterford 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.
IndexWaterfordCaliforniaNational
Cost of living index103135100
IndexWaterfordCaliforniaNational
Goods & Services index106107100
Groceries index124117100
Health care index102109100
Housing index80189100
Transportation index120125100
Utilities index116116100
Displayed above is a general overview of the Waterford, CA cost of living index. The overall cost of living index in Waterford, CA is 103, which is 24% lower than the California average and 3% 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 Waterford, CA are 1% lower than the California average and 6% higher than the national average.

Did you know?

  • The cost of living in Waterford is 24% lower than the California average.
  • The cost of living in Waterford is 3% higher than the national average.
  • The cost of housing in Waterford is 20% 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 Waterford, CA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Health care index
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The salary calculator allows you to compare how much your current salary in Waterford, CA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Waterford, CA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Waterford, CA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,807$5,317$1,489$1,914
Renters$28,280$2,357$660$848
If you want to find a good determining factor for the cost of living and the general affordability of housing in Waterford, CA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Waterford, CA, the median monthly income is $63,807 for those who own their own homes. Under the standard rule, that income level would allow for $1,489 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $28,280, per the median income in the area. That would allow for renters to spend up to $660 on monthly rental expenses.

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 Waterford, 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

ItemWaterfordNational avg.Difference
Haircut $15.00$14.592.8%
Beauty Salon $38.60$34.6811.3%
Toothpaste $3.23$2.4730.6%
Shampoo $1.33$1.0230.1%
Movie $10.50$9.876.4%
Bowling $4.13$4.396.0%

Groceries

ItemWaterfordNational avg.Difference
Ground Beef $4.71$4.485.2%
Fried Chicken $1.67$1.4614.1%
Milk $2.88$2.3622.2%
Potatoes $3.59$3.0617.3%
Pizza $13.29$9.2443.8%
Beer $8.99$8.634.1%

Health Care

ItemWaterfordNational avg.Difference
Optometrist $126.33$99.7826.6%
Doctor $101.25$105.033.6%
Dentist $85.71$88.703.4%
Ibuprofen $11.39$9.4121.0%
Lipitor $310.31$298.504.0%

Housing

ItemWaterfordNational avg.Difference
Home Price $129,900.00$175,700.0026.1%
Avg. Mortgage Payment $1,229.16$1,081.0313.7%
Apartment Rent $854.00$920.007.2%

Transportation

ItemWaterfordNational avg.Difference
Gasoline $2.52$2.0920.5%
Tire Balancing $54.04$45.2919.3%

Utilities

ItemWaterfordNational avg.Difference
All Electricity$231.09$170.8035.3%
Phone $24.95$28.2611.7%
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.
Rouse, CA1,75793-7%
Bystrom, CA3,80593-7%
Bret Harte, CA4,99893-7%
Parklawn, CA1,19185-15%
Airport, CA1,54796-4%
Waterford, CA8,5791033%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Itasca, IL8,57912121%
Blacklick Estates, OH8,58086-14%
Sanatoga, PA8,58111313%
Price, UT8,58590-10%
Oxford, NC8,58591-9%
Waterford, CA8,5791033%
Source: The Waterford, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.