Are You Struggling To Survive In California?
02/24/2023
As of January 2023, the average cost of living in California is $46,636 per year, making it one of the most expensive states to live in.
Whether its Housing and Utilities, Health Care, Food and Beverages (non-restaurant), Gas and Energy Goods or Personal Expenditures, California is the 3rd most expensive state to live in. It is only beaten out by Hawaii and Washington.
TAXES
Income Tax - 1.00% to 13.30%
Average Combined State and Local Sales Tax - 7.25%
Property Tax - 0.73%
Gas Tax - 76.0 cents on the dollar
So, unless you can make more than $46,636 per year, California is not the state you will want to live in.
SOURCES:
Social Finance, Inc.
Tax Foundation.org
https://taxfoundation.org/state/california/
Legislative Analysts Office