Soquel 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.
IndexSoquelCaliforniaNational
Cost of living index162138100
IndexSoquelCaliforniaNational
Goods & Services index122110100
Groceries index126115100
Health care index123109100
Housing index253196100
Transportation index130125100
Utilities index114114100
The above illustration supplies generalized information for the Soquel, CA cost of living index. Compared to other cities in California and cities across the country, the cost of living index in Soquel, CA is 162, which is 17% higher than the California average and 62% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Soquel, CA are 11% higher than the average for California and 22% higher than the rest of the country.

Find Real Estate Listings In Soquel

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Soquel

How would you rate the cost of living in Soquel?View resultsWrite a review to give others more information about this area.
Is the cost of living increasing or decreasing in Soquel?View resultsWrite a review to give others more information about this area.

Did you know?

  • The cost of living in Soquel is 17% higher than the California average.
  • The cost of living in Soquel is 62% higher than the national average.
  • The cost of housing in Soquel is 153% 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.

Real Estate Listings In Soquel

Compare Soquel, CA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Soquel, 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 Soquel, CA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Soquel, 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

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$96,682$8,057$2,256$2,901
Renters$44,509$3,709$1,038$1,335
If you want to find a good determining factor for the cost of living and the general affordability of housing in Soquel, 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 Soquel, CA, the median monthly income is $96,682 for those who own their own homes. Under the standard rule, that income level would allow for $2,256 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $44,509, per the median income in the area. That would allow for renters to spend up to $1,038 on monthly rental expenses.

California Sales Tax

StateGeneral Sales TaxWith Max Surtax
California7.25%10.25%

California Income Tax

StateIncome Tax (Low)Income Tax (High)
California1%13.3%
When considering the overall cost of living expenses in Soquel, CA, it's important to take into account the sales tax for California, as well as the rate for income tax in California. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for California is 10.25%, and the sales tax in the state of California is 7.25%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in California starts from 1% and goes up to 13.3%.

Goods & Services

ItemSoquelNational avg.Difference
Haircut $21.86$16.0935.9%
Beauty Salon $69.62$37.3386.5%
Toothpaste $3.23$2.4532.0%
Shampoo $1.20$1.0019.6%
Movie $11.67$10.2813.6%
Bowling $6.78$4.9337.4%

Groceries

ItemSoquelNational avg.Difference
Ground Beef $4.25$3.8011.8%
Fried Chicken $1.51$1.408.1%
Milk $2.74$2.0136.6%
Potatoes $3.56$3.0118.1%
Pizza $12.11$9.8922.5%
Beer $9.55$8.907.3%

Health Care

ItemSoquelNational avg.Difference
Optometrist $120.71$102.1618.2%
Doctor $138.93$108.3628.2%
Dentist $122.57$92.5332.5%
Ibuprofen $11.92$9.2828.4%
Lipitor $416.12$425.822.3%

Housing

ItemSoquelNational avg.Difference
Home Price $551,500.00$184,700.00198.6%
Avg. Mortgage Payment $2,702.60$1,202.44124.8%
Apartment Rent $1,398.00$949.0047.3%

Transportation

ItemSoquelNational avg.Difference
Gasoline $2.93$2.2430.3%
Tire Balancing $60.44$46.2930.6%

Utilities

ItemSoquelNational avg.Difference
All Electricity$230.24$165.9638.7%
Phone $24.33$28.6815.2%
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.
Moss Landing, CA1181088%
Live Oak city, CA8,50111111%
Pajaro, CA3,52411515%
Paradise Park, CA53013434%
Amesti, CA3,20512626%
Soquel, CA10,91216262%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
DeRidder, LA10,91887-13%
East Liverpool, OH10,91984-16%
Echelon, NJ10,92011111%
North Lindenhurst, NY10,92013434%
Sturgis, MI10,92187-13%
Soquel, CA10,91216262%
Source: The Soquel, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.