Hayward cost of living index

A general overview of the cost of living index for Hayward, CA is displayed above. In Hayward, CA, the overall cost of living index is 145, which is 5% higher than the California average and 45% 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 Hayward, CA, the city's goods and services are 11% higher than the California average and 22% higher than the U.S. average.

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Salary Calculator

The salary calculator is used in order to provide a comparison of your current salary in Hayward, CA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Hayward, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Hayward, CA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

The affordability of the housing market in Hayward, 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 Hayward, CA homeowners, the median income is $94,133. This indicates that a monthly maximum of $2,196 should be spent by homeowners on all housing related costs. Renters have a median income of $50,479. This indicates that renters should have a maximum of $1,178 used for their rent related monthly costs.

California Sales Tax

California Income Tax

When considering the overall cost of living expenses in Hayward, 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 Hayward, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.