Lathrop, CA Cost Of Living

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Lathrop 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	Lathrop	California	National
Cost of living index	122	140	100
Index	Lathrop	California	National
Goods & Services index	101	111	100
Groceries index	125	118	100
Health care index	100	113	100
Housing index	146	196	100
Transportation index	124	128	100
Utilities index	129	118	100

An overview of the general cost of living index for Lathrop, CA is displayed above for your reference. Residents in Lathrop, CA enjoy a cost of living index of 122. This index is 13% lower than the California average, and 22% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Lathrop, CA, the average cost of goods and services is 9% lower than it is in California, and it is 1% higher than the national average.

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Did you know?

The cost of living in Lathrop is 13% lower than the California average.
The cost of living in Lathrop is 22% higher than the national average.
The cost of housing in Lathrop is 46% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator allows you to compare how much your current salary in Lathrop, CA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Lathrop, CA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Lathrop, CA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$68,763	$5,730	$1,604	$2,063
Renters	$56,585	$4,715	$1,320	$1,698

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lathrop, CA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Lathrop, CA homeowners, is $68,763. This would allow for a maximum of $1,604 per month to be spent on housing costs. For renters, the median monthly income is $56,585 which would result in a maximum of $1,320 to be spent on rental costs.

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 Lathrop, 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	Lathrop	National avg.	Difference
Haircut	$18.00	$17.49	2.9%
Beauty Salon	$40.50	$38.17	6.1%
Toothpaste	$2.77	$2.32	19.3%
Shampoo	$1.46	$1.01	44.3%
Movie	$11.63	$10.72	8.4%
Bowling	$16.38	$13.86	18.2%

Groceries

Item	Lathrop	National avg.	Difference
Ground Beef	$4.63	$3.90	18.7%
Fried Chicken	$1.61	$1.40	15.4%
Milk	$2.76	$1.96	40.7%
Potatoes	$3.02	$3.18	5.1%
Pizza	$15.59	$10.39	50.0%
Beer	$9.85	$9.23	6.7%

Health Care

Item	Lathrop	National avg.	Difference
Optometrist	$114.40	$106.34	7.6%
Doctor	$124.33	$115.25	7.9%
Dentist	$83.10	$98.38	15.5%
Ibuprofen	$12.12	$9.26	30.9%
Lipitor	$489.24	$466.47	4.9%

Housing

Item	Lathrop	National avg.	Difference
Home Price	$250,400.00	$184,700.00	35.6%
Avg. Mortgage Payment	$1,816.22	$1,273.32	42.6%
Apartment Rent	$1,602.00	$949.00	68.8%

Transportation

Item	Lathrop	National avg.	Difference
Gasoline	$3.37	$2.59	30.1%
Tire Balancing	$57.49	$48.90	17.6%

Utilities

Item	Lathrop	National avg.	Difference
All Electricity	$253.20	$167.60	51.1%
Phone	$182.40	$163.42	11.6%

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.
Farmington, CA	97	113	13%
Kennedy, CA	3,641	96	-4%
August, CA	7,781	97	-3%
Taft Mosswood, CA	936	99	-1%
Garden Acres, CA	11,209	100	0%
Lathrop, CA	20,331	122	22%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Schofield Barracks, HI	20,330	180	80%
Gardner, MA	20,334	107	7%
American Canyon, CA	20,334	148	48%
Mililani Mauka, HI	20,322	189	89%
Crest Hill, IL	20,316	97	-3%
Lathrop, CA	20,331	122	22%

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

Lathrop, CA Cost of Living