Rodeo cost of living index

A general overview of the cost of living index for Rodeo, CA is displayed above. In Rodeo, CA, the overall cost of living index is 136, which is 1% lower than the California average and 36% 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 Rodeo, CA, the city's goods and services are 11% higher than the California average and 22% higher than the U.S. average.

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Salary Calculator

The salary calculator allows you to compare how much your current salary in Rodeo, 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 Rodeo, CA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Rodeo, 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 Rodeo, 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. Rodeo, CA has a median income of about $95,000 for people who own homes. Based on that number, a person should spend a maximum of $2,217 on expenses related to housing. Renters have a slightly different median income, which is $30,216. Based on this average, renters should spend no more than $705 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 Rodeo, 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 Rodeo, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.