Lamont, California Cost Of Living

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C-

Overall 1%

Goods & Services 10%

Housing 36%

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.
Index	Lamont	California	National
Cost of living	101	140	100
Goods & Services	110	111	100
Groceries	110	118	100
Health care	107	113	100
Housing	64	196	100
Transportation	123	128	100
Utilities	146	118	100

Key findings

The cost of living in Lamont is 28% lower than the California average
The cost of living in Lamont is 1% higher than the national average
Lamont housing is 36% lower 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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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$55,117	$4,593	$1,286	$1,654
Renters	$26,114	$2,176	$609	$783

A good way to judge both the affordability of the housing and the cost of living in Lamont 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. Lamont has a median income of about $55,117 for people who own homes. Based on that number, a maximum of $1,286 should be spent 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 rental costs if they want to maintain a non-impoverished standard of living.

California Sales Tax

State	General Sales Tax	With Max Surtax
California	7.25%	10.5%

California Income Tax

State	Income Tax (Low)	Income Tax (High)
California	1%	13.3%

Goods & Services

Item	Lamont	National avg.	Difference
Haircut	$18.33	$17.49	4.8%
Beauty Salon	$83.33	$38.17	118.3%
Toothpaste	$3.55	$2.32	53.0%
Shampoo	$1.17	$1.01	15.6%
Movie	$11.72	$10.72	9.3%
Bowling	$11.67	$13.86	15.8%

Groceries

Item	Lamont	National avg.	Difference
Ground Beef	$4.06	$3.90	4.1%
Fried Chicken	$1.97	$1.40	41.1%
Milk	$2.14	$1.96	9.1%
Potatoes	$3.88	$3.18	21.9%
Pizza	$8.99	$10.39	13.5%
Beer	$9.48	$9.23	2.7%

Health Care

Item	Lamont	National avg.	Difference
Optometrist	$108.00	$106.34	1.6%
Doctor	$121.25	$115.25	5.2%
Dentist	$108.33	$98.38	10.1%
Ibuprofen	$10.90	$9.26	17.7%
Lipitor	$483.33	$466.47	3.6%

Housing

Item	Lamont	National avg.	Difference
Home Price	$104,100.00	$184,700.00	43.6%
Avg. Mortgage Payment	$1,214.38	$1,273.32	4.6%
Apartment Rent	$769.00	$949.00	19.0%

Transportation

Item	Lamont	National avg.	Difference
Gasoline	$3.68	$2.59	42.0%
Tire Balancing	$46.67	$48.90	4.6%

Utilities

Item	Lamont	National avg.	Difference
All Electricity	$312.56	$167.60	86.5%
Phone	$173.40	$163.42	6.1%

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, State	Population	Cost of Living Index	National Avg.
Weedpatch, CA	2,394	96	-4%
Edmundson Acres, CA	333	101	1%
Arvin, CA	20,562	103	3%
Mettler, CA	124	103	3%
Oildale, CA	34,277	105	5%
Lamont, CA	15,439	101	1%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Jamestown, ND	15,441	90	-10%
Eden, NC	15,434	79	-21%
Hanover, PA	15,429	96	-4%
Long Beach, MS	15,450	93	-7%
Franklin Park, NJ	15,454	124	24%
Lamont, CA	15,439	101	1%

Source: The Lamont, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.