Granite Bay, CA Cost Of Living

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Granite Bay cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Granite Bay	California	National
Cost of living index	171	140	100
Index	Granite Bay	California	National
Goods & Services index	107	111	100
Groceries index	121	118	100
Health care index	117	113	100
Housing index	305	196	100
Transportation index	134	128	100
Utilities index	102	118	100

Here we can see a simple outline of the cost of living in Granite Bay, CA. As you can see, with the average cost of living in Granite Bay, CA being 171, that puts it 22% higher than the average of California and 71% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Granite Bay, CA, the price of goods and services are 4% lower than the average of California as well as 7% higher than the nation's average.

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Did you know?

The cost of living in Granite Bay is 22% higher than the California average.
The cost of living in Granite Bay is 71% higher than the national average.
The cost of housing in Granite Bay is 205% higher than the national average.
California general sales tax is 42% higher than the national average.
California state income tax is 55% lower than the national average.

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Compare Granite Bay, CA Cost of living To Other Cities

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Using the salary calculator lets you compare the salary you earn in Granite Bay, CA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Granite Bay, CA, you have to earn a higher income in order to still have the same standard of living. To operate the Granite Bay, CA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$127,793	$10,649	$2,982	$3,834
Renters	$54,550	$4,546	$1,273	$1,637

The affordability of the housing market in Granite Bay, 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 Granite Bay, CA homeowners, the median income is $127,793. This indicates that a monthly maximum of $2,982 should be spent by homeowners on all housing related costs. Renters have a median income of $54,550. This indicates that renters should have a maximum of $1,273 used for their rent related monthly costs.

California Sales Tax

State	General Sales Tax	With Max Surtax
California	7.25%	10.5%

California Income Tax

State	Income Tax (Low)	Income Tax (High)
California	1%	13.3%

When assessing the complete cost of living in Granite Bay, 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 10.5%, 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

Item	Granite Bay	National avg.	Difference
Haircut	$26.80	$17.49	53.2%
Beauty Salon	$55.40	$38.17	45.1%
Toothpaste	$2.94	$2.32	26.7%
Shampoo	$1.48	$1.01	46.3%
Movie	$12.78	$10.72	19.2%
Bowling	$18.00	$13.86	29.9%

Groceries

Item	Granite Bay	National avg.	Difference
Ground Beef	$4.29	$3.90	10.0%
Fried Chicken	$1.47	$1.40	5.3%
Milk	$2.57	$1.96	31.0%
Potatoes	$2.96	$3.18	7.0%
Pizza	$15.19	$10.39	46.1%
Beer	$9.66	$9.23	4.7%

Health Care

Item	Granite Bay	National avg.	Difference
Optometrist	$131.29	$106.34	23.5%
Doctor	$155.00	$115.25	34.5%
Dentist	$107.22	$98.38	9.0%
Ibuprofen	$11.92	$9.26	28.7%
Lipitor	$491.23	$466.47	5.3%

Housing

Item	Granite Bay	National avg.	Difference
Home Price	$657,400.00	$184,700.00	255.9%
Avg. Mortgage Payment	$1,623.46	$1,273.32	27.5%
Apartment Rent	$1,765.00	$949.00	86.0%

Transportation

Item	Granite Bay	National avg.	Difference
Gasoline	$3.73	$2.59	43.7%
Tire Balancing	$60.10	$48.90	22.9%

Utilities

Item	Granite Bay	National avg.	Difference
All Electricity	$171.58	$167.60	2.4%
Phone	$183.90	$163.42	12.5%

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

City, State	Population	Cost of Living Index	National Avg.
McClellan Park, CA	1,093	98	-2%
North Highlands, CA	46,841	106	6%
Foothill Farms, CA	33,384	109	9%
Rio Linda, CA	14,938	113	13%
Rancho Cordova, CA	69,482	114	14%
Granite Bay, CA	22,840	171	71%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Marysville, OH	22,860	94	-6%
Palm River-Clair Mel, FL	22,860	89	-11%
Bethany, OR	22,819	144	44%
Radcliff, KY	22,806	90	-10%
Griffin, GA	22,875	92	-8%
Granite Bay, CA	22,840	171	71%

Source: The Granite Bay, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Granite Bay, CA Cost of Living