We only recommend tax pros who have the heart of a teacher. You can find out exactly how moving to California will impact your taxes by connecting with one of our trusted tax advisors. If all this tax talk makes your eyes glaze over, no worries. 14 Still, in some cities, it might feel like California taxes you for breathing. The Golden State also has the highest state-level sales tax rate at 7.25%! But when you factor in their average local-level sales tax rate of 1.41%, CA drops to the ninth highest total sales tax rate in the nation. On the other hand, Californians in the bottom bracket only pay 1% of their income to the state. The state has the highest income taxes in the country! They range all the way up to 13.3% for the highest tax bracket. If you’re wondering why California sounds pricier than most states, you might point the finger at taxes. Check out how Sacramento compares to the average city in the country: Sacramento makes a comeback as the middle price range for health care costs in California. Meanwhile, Stockton ranks the least expensive among CA cities, which is only 2% more than the average U.S. San Francisco comes out on top again with the highest health care costs in California-30% higher than the average city in the nation. city when you consider total housing cost factors. While you might have to strike gold to afford housing near the Golden Gate Bridge, the state still has a city like Bakersfield that’s nearly 9% less expensive than the average U.S. But remember, California is huge! So there’s hope in finding housing prices within your budget range when you look across the entire state.Ĭheck out the cost differences between these popular CA cities: Sure, prices like those can take the wind right out of your sails. In March 2020, median home prices in California were more than $600,000-nearly 88% higher than the national median of $320,000! 2 Meanwhile, the median monthly rent for a two-bedroom apartment was almost $1,900-about 55% higher than the national median of $1,200. Okay, let’s kick things off with housing costs. To help you make a confident decision on whether California is right for you cost-wise, we’ll show you how much CA charges for “super fun” grown-up stuff like housing, food, taxes and bills. In order to find out if you can afford life in the Golden State, you’d have to compare the cost of living in your current city with the CA city of your dreams. In fact, cities range from 5–98% higher in cost than the average U.S. after Alaska and Texas-so the cost to live there varies dramatically from city to city. Keep in mind, CA is the third largest state in the U.S. So you’re dreaming of moving to the Golden State-but can you afford the cost of living in California? That’s a smart question to ask before you sell your house and load up a U-Haul with surfboards and sunscreen.Īccording to a 2020 Cost of Living Index, the average city in California has a 38% higher cost of living than the average city in the nation.
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