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.
Here we can see a simple outline of the cost of living in Lompoc, CA. As you can see, with the average cost of living in Lompoc, CA being 116, that puts it 16% lower than the average of California and 16% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Lompoc, CA, the price of goods and services are 6% lower than the average of California as well as 3% higher than the nation's average.
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Did you know?
The cost of living in Lompoc is 16% lower than the California average.
The cost of living in Lompoc is 16% higher than the national average.
The cost of housing in Lompoc is 26% 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.
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Using the salary calculator lets you compare the salary you earn in Lompoc, 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 Lompoc, CA, you have to earn a higher income in order to still have the same standard of living. To operate the Lompoc, 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
Max Budget (28% DTI)
Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Lompoc, 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 Lompoc, CA, the median monthly income is $70,045 for those who own their own homes. Under the standard rule, that income level would allow for $1,634 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $36,227, per the median income in the area. That would allow for renters to spend up to $845 on monthly rental expenses.
California Sales Tax
General Sales Tax
With Max Surtax
California Income Tax
Income Tax (Low)
Income Tax (High)
One thing to keep in mind when considering the cost of living in Lompoc, CA is the California sales tax and California income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The California sales tax rate is 7.25% and the maximum surtax that can be charged is 10.25%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The California income tax rates range from 1% to 13.3%.
Goods & Services
Avg. Mortgage Payment
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.