La Cañada Flintridge cost of living index

The above illustration supplies generalized information for the La Cañada Flintridge, CA cost of living index. Compared to other cities in California and cities across the country, the cost of living index in La Cañada Flintridge, CA is 234, which is 70% higher than the California average and 134% 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 La Cañada Flintridge, CA are 1% lower than the average for California and 9% higher than the rest of the country.

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Salary Calculator

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

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in La Cañada Flintridge, CA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. La Cañada Flintridge, CA has a median income of about $172,031 for people who own homes. Based on that number, a person should spend a maximum of $4,014 on expenses related to housing. Renters have a slightly different median income, which is $95,536. Based on this average, renters should spend no more than $2,229 on all of their rental costs if they want to maintain a non-impoverished standard of living.

California Sales Tax

California Income Tax

The California sales tax and California income tax rates should definitely be considered when determining the overall cost of living in La Cañada Flintridge, CA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The California sales tax is 7.25% and the maximum surtax is 10.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The California income tax rates range from 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 La Cañada Flintridge, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.