Daly City cost of living index

Displayed above is a general overview of the Daly City, CA cost of living index. The overall cost of living index in Daly City, CA is 175, which is 27% higher than the California average and 75% 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 Daly City, CA are 17% higher than the California average and 29% higher than the national average.

Find Real Estate Listings In Daly City

New Real Estate Listings In Daly City

Real Estate Listings In Daly City

The best places in California

Salary Calculator

Use the salary calculator to compare your current income in Daly City, 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 Daly City, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Daly City, 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

The affordability of the housing market in Daly City, 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 Daly City, CA homeowners, the median income is $96,200. This indicates that a monthly maximum of $2,245 should be spent by homeowners on all housing related costs. Renters have a median income of $61,302. This indicates that renters should have a maximum of $1,430 used for their rent related monthly costs.

California Sales Tax

California Income Tax

When assessing the complete cost of living in Daly City, CA, the California income tax and the California sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The California maximum surtax is 10.25%, and the California sales tax is 7.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 13.3% in California.

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.

Nearby cities with low cost of living

Cities with similar population

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