Lincoln cost of living index

The above illustration supplies generalized information for the Lincoln, CA cost of living index. Compared to other cities in California and cities across the country, the cost of living index in Lincoln, CA is 133, which is 4% lower than the California average and 33% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Lincoln, CA are 1% lower than the average for California and 9% higher than the rest of the country.

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Salary Calculator

Using the salary calculator lets you compare the salary you earn in Lincoln, 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 Lincoln, CA, you have to earn a higher income in order to still have the same standard of living. To operate the Lincoln, 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

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Lincoln, 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 Lincoln, CA homeowners, is $82,290. This would allow for a maximum of $1,920 per month to be spent on housing costs. For renters, the median monthly income is $50,168 which would result in a maximum of $1,171 to be spent on rental costs.

California Sales Tax

California Income Tax

When assessing the complete cost of living in Lincoln, CA, the California income tax and the California sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The California maximum surtax is 10.25%, and the California sales tax is 7.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 13.3% in California.

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