Woodside, California Cost Of Living

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F

Overall 238%

Goods & Services 37%

Housing 715%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Woodside	California	National
Cost of living	338	140	100
Goods & Services	137	111	100
Groceries	127	118	100
Health care	127	113	100
Housing	815	196	100
Transportation	141	128	100
Utilities	122	118	100

Key findings

The cost of living in Woodside is 141% higher than the California average
The cost of living in Woodside is 238% higher than the national average
Woodside housing is 715% higher than the national average
California general sales tax is 42% higher than the national average
California state income tax is 59% 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	$238,571	$19,881	$5,566	$7,158
Renters	$0	$0	$0	$0

A good way to judge both the affordability of the housing and the cost of living in Woodside is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Woodside has a median income of about $238,571 for people who own homes. Based on that number, a maximum of $5,566 should be spent on expenses related to housing. Renters have a slightly different median income, which is $0. Based on this average, renters should spend no more than $0 on all rental costs if they want to maintain a non-impoverished standard of living.

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%	13.3%

Goods & Services

Item	Woodside	National avg.	Difference
Haircut	$23.67	$17.49	35.3%
Beauty Salon	$84.88	$38.17	122.4%
Toothpaste	$2.92	$2.32	25.8%
Shampoo	$1.37	$1.01	35.4%
Movie	$15.04	$10.72	40.2%
Bowling	$21.14	$13.86	52.5%

Groceries

Item	Woodside	National avg.	Difference
Ground Beef	$3.47	$3.90	11.0%
Fried Chicken	$1.39	$1.40	0.4%
Milk	$2.34	$1.96	19.3%
Potatoes	$2.57	$3.18	19.3%
Pizza	$13.99	$10.39	34.6%
Beer	$10.39	$9.23	12.6%

Health Care

Item	Woodside	National avg.	Difference
Optometrist	$143.14	$106.34	34.6%
Doctor	$154.00	$115.25	33.6%
Dentist	$138.14	$98.38	40.4%
Ibuprofen	$12.19	$9.26	31.6%
Lipitor	$435.97	$466.47	6.5%

Housing

Item	Woodside	National avg.	Difference
Home Price	$2,000,001.00	$184,700.00	982.8%
Avg. Mortgage Payment	$4,745.39	$1,273.32	272.7%
Apartment Rent	$1,811.00	$949.00	90.8%

Transportation

Item	Woodside	National avg.	Difference
Gasoline	$3.82	$2.59	47.5%
Tire Balancing	$65.75	$48.90	34.5%

Utilities

Item	Woodside	National avg.	Difference
All Electricity	$224.45	$167.60	33.9%
Phone	$195.57	$163.42	19.7%

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, State	Population	Cost of Living Index	National Avg.
Loma Mar, CA	150	133	33%
Mountain View CDP, CA	2,585	138	38%
East Palo Alto, CA	29,353	163	63%
Newark, CA	44,677	169	69%
Union City, CA	73,500	170	70%
Woodside, CA	5,496	338	238%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Algona, IA	5,496	89	-11%
Waterville, OH	5,496	99	-1%
Old Fig Garden, CA	5,495	112	12%
Chester, SC	5,498	85	-15%
Edgerton, WI	5,494	96	-4%
Woodside, CA	5,496	338	238%

Source: The Woodside, CA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Woodside, CA Cost of Living

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