Lamont cost of living index

Displayed above is a general overview of the Lamont, CA cost of living index. The overall cost of living index in Lamont, CA is 97, which is 30% lower than the California average and 3% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Lamont, CA are 6% lower than the California average and 3% higher than the national average.

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Salary Calculator

Use the salary calculator to compare your current salary in Lamont, CA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Lamont, CA, then you would need to earn more income in order to maintain the same standard of living. To use the Lamont, CA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

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 Lamont, 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. Lamont, CA has a median income of about $55,117 for people who own homes. Based on that number, a person should spend a maximum of $1,286 on expenses related to housing. Renters have a slightly different median income, which is $26,114. Based on this average, renters should spend no more than $609 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 Lamont, 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 Lamont, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.