Lake Wildwood cost of living index

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. 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. The breakdown for each index is as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexLake WildwoodCaliforniaNational
Cost of living132140100
IndexLake WildwoodCaliforniaNational
Goods & Services107111100
Groceries121118100
Health care117113100
Housing174196100
Transportation134128100
Utilities102118100

Key findings

  • The cost of living in Lake Wildwood is 6% lower than the California average
  • The cost of living in Lake Wildwood is 32% higher than the national average
  • Lake Wildwood housing is 74% 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 Lake Wildwood, 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

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$64,091$5,341$1,495$1,923
      Renters$55,167$4,597$1,287$1,655
      A good way to judge both the affordability of the housing and the cost of living in Lake Wildwood is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Lake Wildwood has a median income of about $64,091 for people who own homes. Based on that number, a maximum of $1,495 should be spent on expenses related to housing. Renters have a slightly different median income, which is $55,167. Based on this average, renters should spend no more than $1,287 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 WildwoodNational avg.Difference
      Haircut $26.80$17.4953.2%
      Beauty Salon $55.40$38.1745.1%
      Toothpaste $2.94$2.3226.7%
      Shampoo $1.48$1.0146.3%
      Movie $12.78$10.7219.2%
      Bowling $18.00$13.8629.9%

      Groceries

      ItemLake WildwoodNational avg.Difference
      Ground Beef $4.29$3.9010.0%
      Fried Chicken $1.47$1.405.3%
      Milk $2.57$1.9631.0%
      Potatoes $2.96$3.187.0%
      Pizza $15.19$10.3946.1%
      Beer $9.66$9.234.7%

      Health Care

      ItemLake WildwoodNational avg.Difference
      Optometrist $131.29$106.3423.5%
      Doctor $155.00$115.2534.5%
      Dentist $107.22$98.389.0%
      Ibuprofen $11.92$9.2628.7%
      Lipitor $491.23$466.475.3%

      Housing

      ItemLake WildwoodNational avg.Difference
      Home Price $324,400.00$184,700.0075.6%
      Avg. Mortgage Payment $1,623.46$1,273.3227.5%
      Apartment Rent $1,611.00$949.0069.8%

      Transportation

      ItemLake WildwoodNational avg.Difference
      Gasoline $3.73$2.5943.7%
      Tire Balancing $60.10$48.9022.9%

      Utilities

      ItemLake WildwoodNational avg.Difference
      All Electricity$171.58$167.602.4%
      Phone $183.90$163.4212.5%
      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, StatePopulationCost of Living IndexNational Avg.
      Rackerby, CA1651099%
      Smartsville, CA14211010%
      Colfax, CA2,18911111%
      Grass Valley, CA12,86111717%
      Dobbins, CA71011919%
      Lake Wildwood, CA5,28913232%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Schuylkill Haven, PA5,28982-18%
      Delhi Hills, OH5,29098-2%
      Walterboro, SC5,28789-11%
      Turtle Creek, PA5,29283-17%
      Huntertown, IN5,28690-10%
      Lake Wildwood, CA5,28913232%
      Source: The Lake Wildwood, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.