Cost Of Living in Phoenix Lake, CA

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	Phoenix Lake	California	National
Cost of living	134	140	100
Goods & Services	104	111	100
Groceries	104	112	100
Health care	96	109	100
Housing	190	196	100
Transportation	120	126	100
Utilities	140	127	100

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Cost Of Living Quick Facts

The cost of living in Phoenix Lake is 4% lower than the California average
The cost of living in Phoenix Lake is 34% higher than the national average
Phoenix Lake housing is 90% 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

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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	$57,500	$4,792	$1,342	$1,725
Renters	$0	$0	$0	$0

A good way to judge both the affordability of the housing and the cost of living in Phoenix Lake 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. Phoenix Lake has a median income of about $57,500 for people who own homes. Based on that number, a maximum of $1,342 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	Phoenix Lake	National avg.	Difference
Haircut	$26.83	$24.26	10.6%
Beauty Salon	$76.57	$45.56	68.0%
Toothpaste	$3.86	$3.70	4.3%
Shampoo	$1.56	$1.28	21.9%
Movie	$14.64	$12.13	20.6%
Bowling	$23.78	$18.00	32.1%

Groceries

Item	Phoenix Lake	National avg.	Difference
Ground Beef	$6.21	$5.84	6.3%
Fried Chicken	$2.10	$1.57	33.7%
Milk	$4.99	$4.67	6.9%
Potatoes	$4.98	$4.93	0.9%
Pizza	$15.69	$12.09	29.8%
Beer	$10.96	$10.41	5.3%

Health Care

Item	Phoenix Lake	National avg.	Difference
Optometrist	$157.88	$125.68	25.6%
Doctor	$166.71	$135.78	22.8%
Dentist	$148.27	$113.29	30.9%
Ibuprofen	$11.69	$10.65	9.8%
Lipitor	$498.45	$468.60	6.4%

Housing

Item	Phoenix Lake	National avg.	Difference
Home Price	$383,700.00	$184,700.00	107.7%
Avg. Mortgage Payment	$4,545.90	$2,346.69	93.7%
Apartment Rent	$1,400.00	$949.00	47.5%

Transportation

Item	Phoenix Lake	National avg.	Difference
Gasoline	$4.63	$3.46	33.9%
Tire Balancing	$70.51	$59.92	17.7%

Utilities

Item	Phoenix Lake	National avg.	Difference
All Electricity	$299.78	$193.99	54.5%
Phone	$191.56	$192.25	0.4%

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.
Chinese Camp, CA	146	111	10.7%
Long Barn, CA	88	111	10.7%
Buck Meadows, CA	0	111	10.7%
Jamestown, CA	3,379	111	11.1%
Sierra Village, CA	226	111	11.2%
Phoenix Lake, CA	4,820	134	34.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Nashville, GA	4,820	82	18.4%
Ahoskie, NC	4,819	88	11.9%
Tallassee, AL	4,818	90	9.8%
Pea Ridge, FL	4,817	92	8.4%
Bay Hill, FL	4,815	155	54.9%
Phoenix Lake, CA	4,820	134	34.4%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Phoenix Lake, CA