Tulare cost of living index

The above illustration supplies generalized information for the Tulare, CA cost of living index. Compared to other cities in California and cities across the country, the cost of living index in Tulare, CA is 105, which is 24% lower than the California average and 5% 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 Tulare, CA are 6% lower than the average for California and 3% higher than the rest of the country.

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Salary Calculator

The salary calculator is meant to help you compare your salary in Tulare, CA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Tulare, CA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Tulare, CA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Tulare, CA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Tulare, CA homeowners, is $62,044. This would allow for a maximum of $1,448 per month to be spent on housing costs. For renters, the median monthly income is $31,257 which would result in a maximum of $729 to be spent on rental costs.

California Sales Tax

California Income Tax

One thing to keep in mind when considering the cost of living in Tulare, 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

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 Tulare, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.