Calexico cost of living index

The above illustration supplies generalized information for the Calexico, CA cost of living index. Compared to other cities in California and cities across the country, the cost of living index in Calexico, CA is 97, which is 30% lower than the California average and 3% lower 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 Calexico, CA are 15% lower than the average for California and 6% lower than the rest of the country.

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Salary Calculator

The salary calculator is meant to help you compare your salary in Calexico, CA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Calexico, CA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Calexico, CA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

The affordability of the housing market in Calexico, 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 Calexico, CA homeowners, the median income is $55,257. This indicates that a monthly maximum of $1,289 should be spent by homeowners on all housing related costs. Renters have a median income of $23,570. This indicates that renters should have a maximum of $550 used for their rent related monthly costs.

California Sales Tax

California Income Tax

The California sales tax and California income tax rates should definitely be considered when determining the overall cost of living in Calexico, 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 7.25% and the maximum surtax is 10.25%. 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 13.3%.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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.

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