Larkspur, CA Cost Of Living

Larkspur cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each 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.
Index	Larkspur	California	National
Cost of living index	234	138	100
Index	Larkspur	California	National
Goods & Services index	129	110	100
Groceries index	125	115	100
Health care index	124	109	100
Housing index	483	196	100
Transportation index	134	125	100
Utilities index	115	114	100

Displayed above is a general overview of the Larkspur, CA cost of living index. The overall cost of living index in Larkspur, CA is 234, which is 69% higher than the California average and 134% higher 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 Larkspur, CA are 17% higher than the California average and 29% higher than the national average.

Did you know?

The cost of living in Larkspur is 69% higher than the California average.
The cost of living in Larkspur is 134% higher than the national average.
The cost of housing in Larkspur is 383% 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 Larkspur, CA Cost of living To Other Cities

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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

Using the salary calculator lets you compare the salary you earn in Larkspur, CA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Larkspur, CA, you have to earn a higher income in order to still have the same standard of living. To operate the Larkspur, CA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$121,000	$10,083	$2,823	$3,630
Renters	$72,188	$6,016	$1,684	$2,166

If you want to find a good determining factor for the cost of living and the general affordability of housing in Larkspur, CA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Larkspur, CA, the median monthly income is $121,000 for those who own their own homes. Under the standard rule, that income level would allow for $2,823 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $72,188, per the median income in the area. That would allow for renters to spend up to $1,684 on monthly rental expenses.

California Sales Tax

State	General Sales Tax	With Max Surtax
California	7.25%	10.25%

California Income Tax

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

For those who live in Larkspur, CA and want to know what the true cost of living is, they ought to look at both the California income tax rate and the California sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In California, the sales tax is 7.25%, while the most you'll pay in surtax is 10.25%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in California, the income tax rate ranges between 1% to 13.3%.

Goods & Services

Item	Larkspur	National avg.	Difference
Haircut	$25.90	$16.09	61.0%
Beauty Salon	$77.35	$37.33	107.2%
Toothpaste	$3.27	$2.45	33.5%
Shampoo	$1.26	$1.00	25.6%
Movie	$13.12	$10.28	27.6%
Bowling	$7.52	$4.93	52.5%

Groceries

Item	Larkspur	National avg.	Difference
Ground Beef	$4.32	$3.80	13.7%
Fried Chicken	$1.64	$1.40	17.6%
Milk	$2.72	$2.01	35.6%
Potatoes	$3.78	$3.01	25.4%
Pizza	$11.98	$9.89	21.2%
Beer	$9.48	$8.90	6.6%

Health Care

Item	Larkspur	National avg.	Difference
Optometrist	$124.14	$102.16	21.5%
Doctor	$142.61	$108.36	31.6%
Dentist	$122.05	$92.53	31.9%
Ibuprofen	$11.97	$9.28	29.0%
Lipitor	$421.85	$425.82	0.9%

Housing

Item	Larkspur	National avg.	Difference
Home Price	$1,117,800.00	$184,700.00	505.2%
Avg. Mortgage Payment	$4,265.07	$1,202.44	254.7%
Apartment Rent	$1,890.00	$949.00	99.2%

Transportation

Item	Larkspur	National avg.	Difference
Gasoline	$3.07	$2.24	36.9%
Tire Balancing	$60.10	$46.29	29.8%

Utilities

Item	Larkspur	National avg.	Difference
All Electricity	$235.44	$165.96	41.9%
Phone	$24.12	$28.68	15.9%

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.
Strawberry CDP (Tuolumne County), CA	116	127	27%
Rollingwood, CA	3,231	121	21%
San Pablo, CA	29,991	122	22%
Montalvin Manor, CA	3,174	123	23%
North Richmond, CA	4,039	125	25%
Larkspur, CA	12,268	234	134%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
New Baltimore, MI	12,266	97	-3%
Wilton Manors, FL	12,270	115	15%
Newington Forest, VA	12,262	144	44%
Ocean Pointe, HI	12,274	193	93%
Portales, NM	12,275	87	-13%
Larkspur, CA	12,268	234	134%

Source: The Larkspur, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Larkspur, CA Cost of Living