Poway cost of living index

A general overview of the cost of living index for Poway, CA is displayed above. In Poway, CA, the overall cost of living index is 158, which is 14% higher than the California average and 58% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Poway, CA, the city's goods and services are 6% lower than the California average and 3% higher than the U.S. average.

Find Real Estate Listings In Poway

New Real Estate Listings In Poway

Real Estate Listings In Poway

The best places in California

Salary Calculator

The salary calculator is used in order to provide a comparison of your current salary in Poway, 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 Poway, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Poway, 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

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Poway, 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 Poway, CA homeowners have a median income of $118,790. Using that number, you will come up with a maximum of $2,772 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $54,661, which means there is a maximum of $1,275 to be spent on the costs of renting a home or apartment.

California Sales Tax

California Income Tax

One thing to keep in mind when considering the cost of living in Poway, 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.

Nearby cities with low cost of living

Cities with similar population

Source: The Poway, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.