Shasta Lake 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.
IndexShasta LakeCaliforniaNational
Cost of living index104138100
IndexShasta LakeCaliforniaNational
Goods & Services index109110100
Groceries index117115100
Health care index104109100
Housing index91196100
Transportation index123125100
Utilities index89114100
Displayed above is a general overview of the Shasta Lake, CA cost of living index. The overall cost of living index in Shasta Lake, CA is 104, which is 25% lower than the California average and 4% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Shasta Lake, CA are 1% lower than the California average and 9% higher than the national average.
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Did you know?

  • The cost of living in Shasta Lake is 25% lower than the California average.
  • The cost of living in Shasta Lake is 4% higher than the national average.
  • The cost of housing in Shasta Lake is 9% 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 Shasta Lake, CA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Shasta Lake, CA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Shasta Lake, CA, then you would need to earn more income in order to maintain the same standard of living. To use the Shasta Lake, CA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$61,696$5,141$1,439$1,851
Renters$27,041$2,253$631$811
The affordability of the housing market in Shasta Lake, 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 Shasta Lake, CA homeowners, the median income is $61,696. This indicates that a monthly maximum of $1,439 should be spent by homeowners on all housing related costs. Renters have a median income of $27,041. This indicates that renters should have a maximum of $631 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%
One thing to keep in mind when considering the cost of living in Shasta 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

ItemShasta LakeNational avg.Difference
Haircut $19.61$16.0921.9%
Beauty Salon $51.92$37.3339.1%
Toothpaste $2.87$2.4517.4%
Shampoo $1.23$1.0022.6%
Movie $13.35$10.2829.9%
Bowling $6.27$4.9327.1%

Groceries

ItemShasta LakeNational avg.Difference
Ground Beef $3.91$3.802.8%
Fried Chicken $1.40$1.400.2%
Milk $2.85$2.0141.8%
Potatoes $3.49$3.0115.9%
Pizza $14.69$9.8948.6%
Beer $8.77$8.901.4%

Health Care

ItemShasta LakeNational avg.Difference
Optometrist $122.96$102.1620.4%
Doctor $100.28$108.367.5%
Dentist $96.52$92.534.3%
Ibuprofen $11.90$9.2828.3%
Lipitor $437.10$425.822.6%

Housing

ItemShasta LakeNational avg.Difference
Home Price $157,300.00$184,700.0014.8%
Avg. Mortgage Payment $1,457.03$1,202.4421.2%
Apartment Rent $984.00$949.003.7%

Transportation

ItemShasta LakeNational avg.Difference
Gasoline $2.82$2.2425.7%
Tire Balancing $53.95$46.2916.5%

Utilities

ItemShasta LakeNational avg.Difference
All Electricity$168.47$165.961.5%
Phone $21.67$28.6824.5%
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.
French Gulch, CA49293-7%
Mountain Gate, CA92898-2%
Keswick, CA4841011%
Redding, CA91,32011212%
Bella Vista, CA2,70611414%
Shasta Lake, CA10,1511044%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cameron, MO10,15085-15%
Berlin, NH10,15493-7%
Friendly, MD10,15512929%
Anderson, CA10,1561022%
North Branch, MN10,15799-1%
Shasta Lake, CA10,1511044%
Source: The Shasta Lake, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.