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.
An overview of the general cost of living index for Soledad, CA is displayed above for your reference. Residents in Soledad, CA enjoy a cost of living index of 115. This index is 17% lower than the California average, and 15% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Soledad, CA, the average cost of goods and services is 7% lower than it is in California, and it is 3% higher than the national average.
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The cost of living in Soledad is 17% lower than the California average.
The cost of living in Soledad is 15% higher than the national average.
The cost of housing in Soledad is 32% higher 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.
Compare Soledad, CA Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator is used in order to provide a comparison of your current salary in Soledad, 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 Soledad, CA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Soledad, 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
Max Budget (28% DTI)
Max Budget (36% DTI)
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 Soledad, 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. Soledad, CA has a median income of about $69,878 for people who own homes. Based on that number, a person should spend a maximum of $1,630 on expenses related to housing. Renters have a slightly different median income, which is $36,743. Based on this average, renters should spend no more than $857 on all of their rental costs if they want to maintain a non-impoverished standard of living.
California Sales Tax
General Sales Tax
With Max Surtax
California Income Tax
Income Tax (Low)
Income Tax (High)
When assessing the complete cost of living in Soledad, CA, the California income tax and the California sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The California maximum surtax is 10.25%, and the California sales tax is 7.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 1% to 13.3% in California.
Goods & Services
Avg. Mortgage Payment
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.