Long Beach cost of living index

Here we can see a simple outline of the cost of living in Long Beach, CA. As you can see, with the average cost of living in Long Beach, CA being 140, that puts it 1% higher than the average of California and 40% 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 Long Beach, CA, the price of goods and services are 1% lower than the average of California as well as 8% higher than the nation's average.

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Salary Calculator

The salary calculator allows you to compare how much your current salary in Long Beach, 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 Long Beach, CA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Long Beach, 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

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Long Beach, CA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Long Beach, CA has a median income of about $87,777 for people who own homes. Based on that number, a person should spend a maximum of $2,048 on expenses related to housing. Renters have a slightly different median income, which is $40,856. Based on this average, renters should spend no more than $953 on all of their rental costs if they want to maintain a non-impoverished standard of living.

California Sales Tax

California Income Tax

When you are determining the total cost of living in Long Beach, CA you will want to make sure you consider both the California sales tax and the California income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in California is 7.25%, with the highest surtax being 10.25%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in California have a range from 1% to 13.3%.

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