Williams cost of living index

An overview of the general cost of living index for Williams, CA is displayed above for your reference. Residents in Williams, CA enjoy a cost of living index of 105. This index is 24% lower than the California average, and 5% 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 Williams, CA, the average cost of goods and services is 1% lower than it is in California, and it is 9% higher than the national average.

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Salary Calculator

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

One can approximate the cost of living and the housing affordability in Williams, CA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Williams, CA have a median income of $61,534. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,436 per month to avoid calamity and poverty. The renters in the city have an income of about $44,223, which would make their monthly maximum allowable rental costs $1,032.

California Sales Tax

California Income Tax

When assessing the complete cost of living in Williams, 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

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