East Los Angeles cost of living index

The above illustration supplies generalized information for the East Los Angeles, CA cost of living index. Compared to other cities in California and cities across the country, the cost of living index in East Los Angeles, CA is 125, which is 10% lower than the California average and 25% higher 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 East Los Angeles, CA are 1% lower than the average for California and 9% higher than the rest of the country.

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Salary Calculator

Use the salary calculator to compare your current salary in East Los Angeles, CA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in East Los Angeles, CA, then you would need to earn more income in order to maintain the same standard of living. To use the East Los Angeles, CA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

One can approximate the cost of living and the housing affordability in East Los Angeles, 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 East Los Angeles, CA have a median income of $57,255. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,336 per month to avoid calamity and poverty. The renters in the city have an income of about $34,988, which would make their monthly maximum allowable rental costs $816.

California Sales Tax

California Income Tax

For those who live in East Los Angeles, 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

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 East Los Angeles, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.