Woodcrest cost of living index

The above illustration supplies generalized information for the Woodcrest, CA cost of living index. Compared to other cities in California and cities across the country, the cost of living index in Woodcrest, CA is 139, which is equal to the California average and 39% 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 Woodcrest, CA are 1% lower than the average for California and 8% higher than the rest of the country.

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Salary Calculator

The salary calculator allows you to compare how much your current salary in Woodcrest, 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 Woodcrest, CA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Woodcrest, 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

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Woodcrest, 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 Woodcrest, CA homeowners, is $92,232. This would allow for a maximum of $2,152 per month to be spent on housing costs. For renters, the median monthly income is $57,344 which would result in a maximum of $1,338 to be spent on rental costs.

California Sales Tax

California Income Tax

When considering the overall cost of living expenses in Woodcrest, 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

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