Fortuna cost of living index

The above illustration supplies generalized information for the Fortuna, CA cost of living index. Compared to other cities in California and cities across the country, the cost of living index in Fortuna, CA is 113, which is 18% lower than the California average and 13% 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 Fortuna, 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 income in Fortuna, 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 Fortuna, CA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Fortuna, 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

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Fortuna, 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 Fortuna, CA homeowners have a median income of $53,906. Using that number, you will come up with a maximum of $1,258 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $29,315, which means there is a maximum of $684 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 Fortuna, 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 Fortuna, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.