Boyes Hot Springs, CA Cost Of Living

Boyes Hot Springs 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	Boyes Hot Springs	California	National
Cost of living index	152	138	100
Index	Boyes Hot Springs	California	National
Goods & Services index	122	110	100
Groceries index	126	115	100
Health care index	123	109	100
Housing index	220	196	100
Transportation index	130	125	100
Utilities index	114	114	100

An overview of the general cost of living index for Boyes Hot Springs, CA is displayed above for your reference. Residents in Boyes Hot Springs, CA enjoy a cost of living index of 152. This index is 10% higher than the California average, and 52% 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 Boyes Hot Springs, CA, the average cost of goods and services is 11% higher than it is in California, and it is 22% higher than the national average.

Did you know?

The cost of living in Boyes Hot Springs is 10% higher than the California average.
The cost of living in Boyes Hot Springs is 52% higher than the national average.
The cost of housing in Boyes Hot Springs is 120% higher than the national average.
California general sales tax is 42% 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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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 Boyes Hot Springs, 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 Boyes Hot Springs, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Boyes Hot Springs, 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	$82,870	$6,906	$1,934	$2,486
Renters	$47,091	$3,924	$1,099	$1,413

The affordability of the housing market in Boyes Hot Springs, 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 Boyes Hot Springs, CA homeowners, the median income is $82,870. This indicates that a monthly maximum of $1,934 should be spent by homeowners on all housing related costs. Renters have a median income of $47,091. This indicates that renters should have a maximum of $1,099 used for their rent related monthly costs.

California Sales Tax

State	General Sales Tax	With Max Surtax
California	7.25%	10.25%

California Income Tax

State	Income Tax (Low)	Income Tax (High)
California	1%	13.3%

For those who live in Boyes Hot Springs, 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 7.25%, while the most you'll pay in surtax is 10.25%. 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 13.3%.

Goods & Services

Item	Boyes Hot Springs	National avg.	Difference
Haircut	$21.86	$16.09	35.9%
Beauty Salon	$69.62	$37.33	86.5%
Toothpaste	$3.23	$2.45	32.0%
Shampoo	$1.20	$1.00	19.6%
Movie	$11.67	$10.28	13.6%
Bowling	$6.78	$4.93	37.4%

Groceries

Item	Boyes Hot Springs	National avg.	Difference
Ground Beef	$4.25	$3.80	11.8%
Fried Chicken	$1.51	$1.40	8.1%
Milk	$2.74	$2.01	36.6%
Potatoes	$3.56	$3.01	18.1%
Pizza	$12.11	$9.89	22.5%
Beer	$9.55	$8.90	7.3%

Health Care

Item	Boyes Hot Springs	National avg.	Difference
Optometrist	$120.71	$102.16	18.2%
Doctor	$138.93	$108.36	28.2%
Dentist	$122.57	$92.53	32.5%
Ibuprofen	$11.92	$9.28	28.4%
Lipitor	$416.12	$425.82	2.3%

Housing

Item	Boyes Hot Springs	National avg.	Difference
Home Price	$479,100.00	$184,700.00	159.4%
Avg. Mortgage Payment	$2,702.60	$1,202.44	124.8%
Apartment Rent	$1,201.00	$949.00	26.6%

Transportation

Item	Boyes Hot Springs	National avg.	Difference
Gasoline	$2.93	$2.24	30.3%
Tire Balancing	$60.44	$46.29	30.6%

Utilities

Item	Boyes Hot Springs	National avg.	Difference
All Electricity	$230.24	$165.96	38.7%
Phone	$24.33	$28.68	15.2%

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, State	Population	Cost of Living Index	National Avg.
Oakville, CA	151	123	23%
Vallejo, CA	119,644	127	27%
Roseland, CA	5,859	136	36%
Rohnert Park, CA	41,928	141	41%
American Canyon, CA	20,334	144	44%
Boyes Hot Springs, CA	7,147	152	52%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Yardville, NJ	7,147	117	17%
East End, AR	7,148	89	-11%
Benton, IL	7,148	80	-20%
Vandenberg Village, CA	7,146	131	31%
Manor, TX	7,145	95	-5%
Boyes Hot Springs, CA	7,147	152	52%

Source: The Boyes Hot Springs, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Boyes Hot Springs, CA Cost of Living