Salida, California Cost Of Living

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F

Overall 15%

Goods & Services 2%

Housing 23%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Salida	California	National
Cost of living	115	140	100
Goods & Services	102	109	100
Groceries	99	112	100
Health care	100	109	100
Housing	123	196	100
Transportation	135	132	100
Utilities	145	127	100

Key findings

The cost of living in Salida is 17% lower than the California average
The cost of living in Salida is 15% higher than the national average
Salida housing is 23% higher than the national average
California general sales tax is 42% higher than the national average
California state income tax is 59% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$81,013	$6,751	$1,890	$2,431
Renters	$44,922	$3,744	$1,048	$1,348

The affordability of the housing market in Salida, CA as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Salida homeowners, the median income is $81,013. This indicates that a monthly maximum of $1,890 should be spent by homeowners on all housing related costs. Renters have a median income of $44,922. This indicates that renters would have a maximum of $1,048 for their rent related monthly costs.

California Sales Tax

State	General Sales Tax	With Max Surtax
California	7.25%	10.5%

California Income Tax

State	Income Tax (Low)	Income Tax (High)
California	1%	13.3%

Goods & Services

Item	Salida	National avg.	Difference
Haircut	$20.43	$20.27	0.8%
Beauty Salon	$58.44	$40.39	44.7%
Toothpaste	$3.19	$2.36	35.2%
Shampoo	$1.05	$1.08	2.8%
Movie	$12.23	$10.99	11.3%
Bowling	$17.98	$15.49	16.0%

Groceries

Item	Salida	National avg.	Difference
Ground Beef	$5.34	$4.30	24.3%
Fried Chicken	$1.33	$1.40	5.2%
Milk	$2.58	$2.20	16.9%
Potatoes	$2.48	$3.22	23.0%
Pizza	$14.00	$10.74	30.4%
Beer	$8.83	$9.60	8.0%

Health Care

Item	Salida	National avg.	Difference
Optometrist	$126.50	$109.73	15.3%
Doctor	$114.86	$118.34	2.9%
Dentist	$97.05	$100.94	3.9%
Ibuprofen	$10.31	$9.93	3.8%
Lipitor	$470.65	$469.53	0.2%

Housing

Item	Salida	National avg.	Difference
Home Price	$216,800.00	$184,700.00	17.4%
Avg. Mortgage Payment	$1,688.63	$1,229.62	37.3%
Apartment Rent	$1,279.00	$949.00	34.8%

Transportation

Item	Salida	National avg.	Difference
Gasoline	$3.84	$2.71	41.6%
Tire Balancing	$64.74	$51.86	24.8%

Utilities

Item	Salida	National avg.	Difference
All Electricity	$313.19	$170.84	83.3%
Phone	$179.08	$187.18	4.3%

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	Population	Cost of Living Index	National Avg.
Farmington, CA	97	112	11.7%
Cowan, CA	481	93	6.9%
Kennedy, CA	3,641	96	4.5%
Westley, CA	707	97	3.4%
Bret Harte, CA	5,315	97	3.3%
Salida, CA	13,898	115	15.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Harper Woods, MI	13,895	90	10.1%
Hutchinson, MN	13,891	100	0.1%
The Nation / La Nation, ON	13,890	n/a
Lacombe, AB	13,889	n/a
Wood Dale, IL	13,908	112	12.1%
Salida, CA	13,898	115	15.4%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.