Encinitas cost of living index

A general overview of the cost of living index for Encinitas, CA is displayed above. In Encinitas, CA, the overall cost of living index is 187, which is 36% higher than the California average and 87% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Encinitas, CA, the city's goods and services are 6% lower than the California average and 3% higher than the U.S. average.

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Salary Calculator

The salary calculator is meant to help you compare your salary in Encinitas, 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 Encinitas, CA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Encinitas, 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

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Encinitas, CA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Encinitas, CA homeowners have a median income of $125,170. Using that number, you will come up with a maximum of $2,920 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $62,130, which means there is a maximum of $1,450 to be spent on the costs of renting a home or apartment.

California Sales Tax

California Income Tax

When assessing the complete cost of living in Encinitas, 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.

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