Planada 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.
IndexPlanadaCaliforniaNational
Cost of living index95138100
IndexPlanadaCaliforniaNational
Goods & Services index103110100
Groceries index104115100
Health care index107109100
Housing index65196100
Transportation index115125100
Utilities index124114100
Here we can see a simple outline of the cost of living in Planada, CA. As you can see, with the average cost of living in Planada, CA being 95, that puts it 31% lower than the average of California and 5% lower 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 Planada, CA, the price of goods and services are 7% 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 Planada is 31% lower than the California average.
  • The cost of living in Planada is 5% lower than the national average.
  • The cost of housing in Planada is 35% 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 Planada, 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 allows you to compare how much your current salary in Planada, 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 Planada, CA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Planada, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$45,032$3,753$1,051$1,351
Renters$31,630$2,636$738$949
The affordability of the housing market in Planada, CA as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Planada, CA homeowners, the median income is $45,032. This indicates that a monthly maximum of $1,051 should be spent by homeowners on all housing related costs. Renters have a median income of $31,630. This indicates that renters should have a maximum of $738 used for their rent related monthly costs.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.25%10.25%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%13.3%
When assessing the complete cost of living in Planada, 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

ItemPlanadaNational avg.Difference
Haircut $18.14$16.0912.8%
Beauty Salon $41.10$37.3310.1%
Toothpaste $4.95$2.45102.1%
Shampoo $1.17$1.0016.8%
Movie $10.60$10.283.1%
Bowling $6.04$4.9322.5%

Groceries

ItemPlanadaNational avg.Difference
Ground Beef $3.88$3.802.1%
Fried Chicken $1.25$1.4010.6%
Milk $2.37$2.0118.1%
Potatoes $2.63$3.0112.6%
Pizza $13.59$9.8937.5%
Beer $9.01$8.901.3%

Health Care

ItemPlanadaNational avg.Difference
Optometrist $129.44$102.1626.7%
Doctor $102.53$108.365.4%
Dentist $108.32$92.5317.1%
Ibuprofen $10.13$9.289.1%
Lipitor $418.44$425.821.7%

Housing

ItemPlanadaNational avg.Difference
Home Price $114,700.00$184,700.0037.9%
Avg. Mortgage Payment $1,330.75$1,202.4410.7%
Apartment Rent $688.00$949.0027.5%

Transportation

ItemPlanadaNational avg.Difference
Gasoline $2.76$2.2423.1%
Tire Balancing $46.11$46.290.4%

Utilities

ItemPlanadaNational avg.Difference
All Electricity$259.33$165.9656.3%
Phone $24.98$28.6812.9%
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.
Hornitos, CA01088%
Tuttle, CA691088%
University of California-Merced, CA01088%
El Nido, CA47888-12%
Bear Creek, CA11296-4%
Planada, CA4,49995-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. James, MN4,49986-14%
University, MS4,49984-16%
Hartwell, GA4,49987-13%
Beattystown, NJ4,49811919%
Lost Creek, TX4,49815353%
Planada, CA4,49995-5%
Source: The Planada, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.