F
Overall 194%
Goods & Services 12%
Housing 613%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexLake SherwoodCaliforniaNational
Cost of living294140100
Goods & Services112111100
Groceries116118100
Health care111113100
Housing713196100
Transportation126128100
Utilities107118100

Key findings

  • The cost of living in Lake Sherwood is 110% higher than the California average
  • The cost of living in Lake Sherwood is 194% higher than the national average
  • Lake Sherwood housing is 613% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 59% lower than the national average

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Compare Lake Sherwood, CA Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$250,001$20,833$5,833$7,501
      Renters$0$0$0$0

      California Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      California7.25%10.5%

      California Income Tax

      StateIncome Tax (Low)Income Tax (High)
      California1%13.3%

      Goods & Services

      ItemLake SherwoodNational avg.Difference
      Haircut $22.40$17.4928.1%
      Beauty Salon $68.75$38.1780.1%
      Toothpaste $2.49$2.327.3%
      Shampoo $1.32$1.0130.4%
      Movie $16.10$10.7250.1%
      Bowling $20.33$13.8646.7%

      Groceries

      ItemLake SherwoodNational avg.Difference
      Ground Beef $3.32$3.9014.9%
      Fried Chicken $1.79$1.4028.2%
      Milk $2.19$1.9611.6%
      Potatoes $2.99$3.186.1%
      Pizza $10.99$10.395.7%
      Beer $9.66$9.234.7%

      Health Care

      ItemLake SherwoodNational avg.Difference
      Optometrist $126.40$106.3418.9%
      Doctor $126.00$115.259.3%
      Dentist $109.40$98.3811.2%
      Ibuprofen $12.32$9.2633.0%
      Lipitor $483.87$466.473.7%

      Housing

      ItemLake SherwoodNational avg.Difference
      Home Price $1,659,500.00$184,700.00798.5%
      Avg. Mortgage Payment $2,944.66$1,273.32131.3%
      Apartment Rent $2,667.00$949.00181.0%

      Transportation

      ItemLake SherwoodNational avg.Difference
      Gasoline $3.70$2.5942.8%
      Tire Balancing $50.20$48.902.7%

      Utilities

      ItemLake SherwoodNational avg.Difference
      All Electricity$184.11$167.609.8%
      Phone $186.90$163.4214.4%
      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, StatePopulationCost of Living IndexNational Avg.
      Saticoy, CA1,28712323%
      Santa Susana, CA1,05715050%
      Simi Valley, CA126,12615050%
      Camarillo, CA66,63015252%
      Casa Conejo, CA3,18015353%
      Lake Sherwood, CA1,651294194%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Bristol, IN1,65193-7%
      Smethport, PA1,65183-17%
      Guthrie Center, IA1,65080-20%
      Susquehanna Depot, PA1,65087-13%
      Coalville, UT1,6501055%
      Lake Sherwood, CA1,651294194%
      Source: The Lake Sherwood, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.