Plumas Lake cost of living index

The above illustration supplies generalized information for the Plumas Lake, CA cost of living index. Compared to other cities in California and cities across the country, the cost of living index in Plumas Lake, CA is 119, which is 14% lower than the California average and 19% 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 Plumas Lake, 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 Plumas Lake, 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 Plumas Lake, CA, you have to earn a higher income in order to still have the same standard of living. To operate the Plumas Lake, 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

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 Plumas Lake, 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. Plumas Lake, CA has a median income of about $87,049 for people who own homes. Based on that number, a person should spend a maximum of $2,031 on expenses related to housing. Renters have a slightly different median income, which is $55,714. Based on this average, renters should spend no more than $1,300 on all of their rental costs if they want to maintain a non-impoverished standard of living.

California Sales Tax

California Income Tax

One thing to keep in mind when considering the cost of living in Plumas Lake, 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

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