You might want to check out this infographic which highlights the cost of childcare in the state versus the cost of college tuition. Needless to say, there’s a huge spectrum of housing costs in California, from ultra-expensive San Francisco to smaller cities. Living Wage Calculation for California. The estimates do not reflect a middle class standard of living. Using data from various government agencies, her team calculated "living wage" rates  for different  household types in each state, county and major metropolitan area across the nation, then compared those rates to regional minimum wages. As developed, the tool is meant to provide one perspective on the cost of living in America.". Love Northern Cal? We can't say we're surprised by that data, but it's sad to see nonetheless. "Living wage," as defined by Glasmeier, is the amount an individual needs to earn (before taxes) to cover all basic household expense (food + healthcare + housing + transportation + childcare + other necessities). And on that note, please nominate your favorite local business that could use some love right now: The high cost of living in Northern California is definitely not news to us, but you might be surprised when you see the actual numbers of how much you need to make to live in this state. Enter your e-mail address for things to do, restaurants to try and much more! Consider the results a minimum cost threshold that serves as a benchmark, but only that. As Glasmeier notes, these results should be considered the minimum cost threshold; they are likely an underestimate, especially for metropolitan and other higher cost regions. If you check out the Bay Area, you'll see that they estimate individuals will need to work an average of 107 hours. Prices for rent in California are all over the place, depending on where you want to live. According to HowMuch, to live comfortably and afford a home that costs $499,900, you'll need an average annual income of around $120,120. If you know you can't afford a mortgage in California, renting may seem like the best option. In comparison to the rest of the country, HowMuch ranks California as the third most expensive place to live, just behind Washington D.C. and Hawaii. To be fair, the main expense is housing, although if you are from overseas, then factor in medical care as your next biggest expense. Here Are The 11 Best Places To Live In Northern California And Why. [http_redir] A single person in California needs to earn, on average, about $12.30/hour working full time to cover basic living expenses. The state’s population grew by over 5% between 2010 and 2015. (Additional methodology summarized below the charts and explained in greater detail here.). The living wage shown is the hourly rate that an individual in a household must earn to support his or herself and their family. If you're thinking of living here, or you already live here, you might want to consider getting into the state's most profitable business: Machinery and Mechanical Appliances, which is valued at $26.8 billion. Our cost of living indices are based on a US average of 100. The cost of living index for the state in 2014 was 128.7 with the worst discrepancy being housing, which is 175.7 in California. Add a kid to the mix, and that rate rises sharply to more than $25/hour. That's according to the Living Wage Calculator created by Amy K. Glasmeier, a professor of urban planning at the Massachusetts Institute of Technology. Most other states require an average annual income of $40k to $70k. However, seeing the numbers laid out like this really puts it into perspective for us. Depends where you live. An amount below 100 means Pacifica is cheaper than the US average. The Columbia River delineates much of Oregon's northern boundary with Washington, while the Snake River delineates much of its eastern boundary with Idaho. Our cost of living indices are based on a US average of 100. That's according to the Living Wage Calculator created by Amy K. Glasmeier, a professor of urban planning at the Massachusetts Institute of Technology. To calculate the most affordable cities in California, the cost of living index for each city … Metropolitan counties are typically locations of high cost. If that sounds outrageous, it's because it is! 1. However, you might be taken aback when you see just how much money you need to make monthly in order to even do that. As her findings underscore, a significant gap often exists between a region's minimum wage and its living wage. These cities have the lowest cost of living in all of California. MAP: How Much Does It Really Cost to Live in California. Is the cost of living enough to scare you away from living in Northern California? You’ll probably need a car. Keep in mind that these figures are estimated statewide averages. View full-screen version here. In such cases, the calculator is likely to underestimate costs such as housing and child care. Below are estimates of how much each adult earner in various-sized California households would need to earn in order to pay for basic monthly living expenses. According to HowMuch, to live comfortably. Oregon is one of only four states of the continental United States to have a coastline on the Pacific Ocean. It's a discrepancy that's recently been highlighted by protests among low-wage workers, as well as the growing number of cities and states that have raised their own minimum wages in the absence of federal legislation.


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