D
18%
Overall NAT. AVG.
4%
Goods & Services NAT. AVG.
37%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Newman California National
Cost of living118140100
Goods & Services104111100
Groceries104112100
Health care96109100
Housing137196100
Transportation120126100
Utilities140127100

An Overview of Cost of Living in Newman, CA

Getting a feel for the cost of living in Newman is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Newman is 118, which is 18% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Housing costs are a very significant part of the Newman cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 36.7% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Newman Affordable?

Is Newman affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Newman, the median home price is 51.9% higher than the national average and monthly rent prices are 1.3% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Newman boasting a median household income of $65,156, 17.8% higher than the national average.

What Factors can Influence the Cost of Living in Newman?

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Newman, the baseline sales tax rate begins at 7.25%, and income tax rates start at 1%.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Newman comes in at 40.4% higher than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Where is the Data From?

The Newman cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Newman is 15% lower than the California average
  • The cost of living in Newman is 18% higher than the national average
  • Newman housing is 37% higher than the national average
  • California general sales tax is 42% higher than the national average
  • California state income tax is 61% lower than the national average

Most Affordable Places to Live in and Around Newman

See all the best places to live around Newman

Compare Newman, CA Cost of Living

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      Price difference in compared to
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      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$76,957$6,413$1,796$2,309
      Renters$45,884$3,824$1,071$1,377
      To approximate the cost of living and the housing affordability in Newman, CA, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Newman have a median income of $76,957. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,796 per month to avoid calamity and poverty. The renters in the city have an income of about $45,884, which would make their monthly maximum allowable rental costs $1,071.

      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 Newman National avg. Difference
      Haircut $26.83$24.2610.6%
      Beauty Salon $76.57$45.5668.0%
      Toothpaste $3.86$3.704.3%
      Shampoo $1.56$1.2821.9%
      Movie $14.64$12.1320.6%
      Bowling $23.78$18.0032.1%

      Groceries

      Item Newman National avg. Difference
      Ground Beef $6.21$5.846.3%
      Fried Chicken $2.10$1.5733.7%
      Milk $4.99$4.676.9%
      Potatoes $4.98$4.930.9%
      Pizza $15.69$12.0929.8%
      Beer $10.96$10.415.3%

      Health Care

      Item Newman National avg. Difference
      Optometrist $157.88$125.6825.6%
      Doctor $166.71$135.7822.8%
      Dentist $148.27$113.2930.9%
      Ibuprofen $11.69$10.659.8%
      Lipitor $498.45$468.606.4%

      Housing

      Item Newman National avg. Difference
      Home Price $280,500.00$184,700.0051.9%
      Avg. Mortgage Payment $4,545.90$2,346.6993.7%
      Apartment Rent $961.00$949.001.3%

      Transportation

      Item Newman National avg. Difference
      Gasoline $4.63$3.4633.9%
      Tire Balancing $70.51$59.9217.7%

      Utilities

      Item Newman National avg. Difference
      All Electricity $299.78$193.9954.5%
      Phone $191.56$192.250.4%
      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.
      Monterey Park Tract, CA29311110.7%
      Stevinson, CA19611110.7%
      Crows Landing, CA34611312.7%
      Gustine, CA5,74811818.4%
      Delhi, CA11,83711918.8%
      Newman, CA11,49811818.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Schiller Park, IL11,4991099.2%
      Yeadon, PA11,495973.5%
      Cherry Creek, CO11,50316262.5%
      Grantsville, UT11,48811111.0%
      River Edge, NJ11,51015857.8%
      Newman, CA11,49811818.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.