Tracy, California Cost Of Living

F

31%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

75%

Housing NAT. AVG.

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	Tracy	California	National
Cost of living	131	136	100
Goods & Services	98	109	100
Groceries	111	112	100
Health care	100	109	100
Housing	175	207	100
Transportation	129	132	100
Utilities	145	127	100

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Cost Of Living Quick Facts

The cost of living in Tracy is 4% lower than the California average
The cost of living in Tracy is 31% higher than the national average
Tracy housing is 75% higher than the national average
California general sales tax is 42% higher than the national average
California state income tax is 56% 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	$112,530	$9,378	$2,626	$3,376
Renters	$77,853	$6,488	$1,816	$2,336

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Tracy, CA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Tracy, homeowners have a median income of $112,530. Using that number, a maximum of $2,626 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $77,853, which means there is a maximum of $1,816 to be spent on the costs of renting a home or apartment.

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%	12.3%

Goods & Services

Item	Tracy	National avg.	Difference
Haircut	$18.88	$20.27	6.9%
Beauty Salon	$42.44	$40.39	5.1%
Toothpaste	$2.98	$2.36	26.5%
Shampoo	$1.18	$1.08	9.3%
Movie	$12.11	$10.99	10.2%
Bowling	$18.36	$15.49	18.5%

Groceries

Item	Tracy	National avg.	Difference
Ground Beef	$5.41	$4.30	25.9%
Fried Chicken	$1.53	$1.40	9.1%
Milk	$3.40	$2.20	54.3%
Potatoes	$3.52	$3.22	9.2%
Pizza	$14.19	$10.74	32.1%
Beer	$9.52	$9.60	0.9%

Health Care

Item	Tracy	National avg.	Difference
Optometrist	$119.27	$109.73	8.7%
Doctor	$128.15	$118.34	8.3%
Dentist	$87.49	$100.94	13.3%
Ibuprofen	$11.45	$9.93	15.3%
Lipitor	$471.83	$469.53	0.5%

Housing

Item	Tracy	National avg.	Difference
Home Price	$470,400.00	$229,800.00	104.7%
Avg. Mortgage Payment	$1,635.16	$1,229.62	33.0%
Apartment Rent	$1,862.00	$1,096.00	69.9%

Transportation

Item	Tracy	National avg.	Difference
Gasoline	$3.83	$2.71	41.4%
Tire Balancing	$57.03	$51.86	10.0%

Utilities

Item	Tracy	National avg.	Difference
All Electricity	$308.27	$170.84	80.4%
Phone	$183.14	$187.18	2.2%

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	Population	Cost of Living Index	National Avg.
Kennedy, CA	2,877	96	4.5%
Westley, CA	689	97	3.4%
Taft Mosswood, CA	1,060	98	2.0%
French Camp, CA	3,641	104	4.1%
Grayson, CA	1,582	109	8.5%
Tracy, CA	91,462	131	30.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Livermore, CA	86,493	172	71.5%
Duluth, MN	86,164	101	1.1%
Whittier, CA	86,630	141	40.6%
Citrus Heights, CA	85,954	113	13.0%
Newport Beach, CA	86,813	277	176.6%
Tracy, CA	86,382	131	30.6%

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