Del Aire cost of living index

An overview of the general cost of living index for Del Aire, CA is displayed above for your reference. Residents in Del Aire, CA enjoy a cost of living index of 149. This index is 8% higher than the California average, and 49% 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 Del Aire, CA, the average cost of goods and services is 1% lower than it is in California, and it is 9% higher than the national average.

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Salary Calculator

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

One can approximate the cost of living and the housing affordability in Del Aire, CA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Del Aire, CA have a median income of $82,813. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,932 per month to avoid calamity and poverty. The renters in the city have an income of about $58,450, which would make their monthly maximum allowable rental costs $1,364.

California Sales Tax

California Income Tax

When considering the overall cost of living expenses in Del Aire, CA, it's important to take into account the sales tax for California, as well as the rate for income tax in California. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for California is 10.25%, and the sales tax in the state of California is 7.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in California starts from 1% and goes up 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 Del Aire, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.