Parkway 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.
IndexParkwayCaliforniaNational
Cost of living index104138100
IndexParkwayCaliforniaNational
Goods & Services index109110100
Groceries index117115100
Health care index104109100
Housing index92196100
Transportation index123125100
Utilities index89114100
Here we can see a simple outline of the cost of living in Parkway, CA. As you can see, with the average cost of living in Parkway, CA being 104, that puts it 25% lower than the average of California and 4% 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 Parkway, CA, the price of goods and services are 1% lower than the average of California as well as 9% higher than the nation's average.

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Did you know?

  • The cost of living in Parkway is 25% lower than the California average.
  • The cost of living in Parkway is 4% higher than the national average.
  • The cost of housing in Parkway is 8% lower 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 Parkway, CA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Parkway, CA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Parkway, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Parkway, CA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,771$4,314$1,208$1,553
Renters$26,655$2,221$622$800
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Parkway, CA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Parkway, CA homeowners have a median income of $51,771. Using that number, you will come up with a maximum of $1,208 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $26,655, which means there is a maximum of $622 to be spent on the costs of renting a home or apartment.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.25%10.25%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%13.3%
The California sales tax and California income tax rates should definitely be considered when determining the overall cost of living in Parkway, CA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The California sales tax is 7.25% and the maximum surtax is 10.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The California income tax rates range from 1% to 13.3%.

Goods & Services

ItemParkwayNational avg.Difference
Haircut $19.61$16.0921.9%
Beauty Salon $51.92$37.3339.1%
Toothpaste $2.87$2.4517.4%
Shampoo $1.23$1.0022.6%
Movie $13.35$10.2829.9%
Bowling $6.27$4.9327.1%

Groceries

ItemParkwayNational avg.Difference
Ground Beef $3.91$3.802.8%
Fried Chicken $1.40$1.400.2%
Milk $2.85$2.0141.8%
Potatoes $3.49$3.0115.9%
Pizza $14.69$9.8948.6%
Beer $8.77$8.901.4%

Health Care

ItemParkwayNational avg.Difference
Optometrist $122.96$102.1620.4%
Doctor $100.28$108.367.5%
Dentist $96.52$92.534.3%
Ibuprofen $11.90$9.2828.3%
Lipitor $437.10$425.822.6%

Housing

ItemParkwayNational avg.Difference
Home Price $168,300.00$184,700.008.9%
Avg. Mortgage Payment $1,457.03$1,202.4421.2%
Apartment Rent $888.00$949.006.4%

Transportation

ItemParkwayNational avg.Difference
Gasoline $2.82$2.2425.7%
Tire Balancing $53.95$46.2916.5%

Utilities

ItemParkwayNational avg.Difference
All Electricity$168.47$165.961.5%
Phone $21.67$28.6824.5%
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, StatePopulationCost of Living IndexNational Avg.
Freeport, CA1051099%
McClellan Park, CA1,09395-5%
Fruitridge Pocket, CA5,5541022%
North Highlands, CA46,8411044%
Florin, CA49,4861055%
Parkway, CA15,7981044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Groves, TX15,79889-11%
Wilkinsburg, PA15,79788-12%
Hueytown, AL15,79785-15%
Talladega, AL15,79383-17%
Kaukauna, WI15,79190-10%
Parkway, CA15,7981044%
Source: The Parkway, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.