Sonora cost of living index

Here we can see a simple outline of the cost of living in Sonora, CA. As you can see, with the average cost of living in Sonora, CA being 115, that puts it 17% lower than the average of California and 15% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Sonora, CA, the price of goods and services are 7% lower than the average of California as well as 3% higher than the nation's average.

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Salary Calculator

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

If you want to find a good determining factor for the cost of living and the general affordability of housing in Sonora, CA, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Sonora, CA, the median monthly income is $70,326 for those who own their own homes. Under the standard rule, that income level would allow for $1,641 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $26,554, per the median income in the area. That would allow for renters to spend up to $620 on monthly rental expenses.

California Sales Tax

California Income Tax

The California sales tax and California income tax rates should definitely be considered when determining the overall cost of living in Sonora, CA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The California sales tax is 7.25% and the maximum surtax is 10.25%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all 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 Sonora, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.